Due to the continuous decline in freight rates, the container Sanxiong Evergreen (2603-TW), Yang Ming (2609-TW) and Wan Hai (2615-TW) this week, the stock price fell consecutively, with weekly declines of 14.76%, 14.75% and 16.22% respectively, becoming the weakest group in the broader market.
The latest report issued by a foreign investment pointed out that the freight rate has peaked and reversed, and it is inevitable that the industry will go down in a downward cycle in the next year and the next year.
Hongyuan Investment Consultant, the commander-in-chief of shipping bulls in the domestic capital circle, is also the first to give a neutral rating to Sanxiong, pointing out that Sanxiong’s profit next year may only be 40% of this year’s level, and it is not ruled out that the American line leader will be in May next year. When the contract is exchanged, there will be a diving price.
The Shanghai Shipping Exchange announced the latest SCFI composite index (Shanghai Export Container Freight Index), which not only fell for 12 consecutive weeks, but also fell by 306.64 points from last week to 2847.62 points, hitting a new low since mid-April last year, and the decline expanded to 9.7% , continued to record the largest weekly decline since the epidemic, among which, the freight rate of the US West Line plummeted by more than 20% in a single week.
Cargo solicitors do not shy away from saying that the shipping market is obviously oversupplied.
