Understanding the Market | CSSC SHIPPING rose over 11% during the session, with the ship leasing penetration rate expected to improve. The company's profitability is strong, and the dividend payout ratio is high
CSSC SHIPPING rose over 11% during the session, and as of the time of writing, it has increased by 6.07%, trading at HKD 2.27, with a transaction volume of HKD 114 million. Guolian Minsheng Securities pointed out that multiple factors are strongly supporting ship demand, while the high cost of green ships, the global major economies being in a rate-cutting cycle, and more flexible leasing options from lessors are expected to further enhance the penetration rate of ship leasing. The largest shareholder of CSSC SHIPPING is China Shipbuilding Group, holding a 74.38% stake. The firm noted that the company's overall qualifications are good, with multiple financing channels, and the overall financing cost is at a favorable level. In 2024, the company's interest-bearing debt cost rate is only 3.56%. Considering the subsequent debt maturity replacement and the rate cuts by major global economies, the cost of industrial and commercial funds is expected to further improve. In terms of profitability, the company's ROE has basically maintained around 15%, indicating strong profitability. Coupled with a high dividend payout ratio, the company has a significant advantage in dividend yield, with a TTM dividend yield exceeding 7%
According to Zhitong Finance APP, CSSC SHIPPING (03877) rose more than 11% during the trading session, and as of the time of publication, it was up 6.07%, trading at HKD 2.27, with a transaction volume of HKD 114 million.
Guolian Minsheng Securities pointed out that under the influence of multiple factors, there is strong support for ship demand. Additionally, the high cost of green ships, the global major economies being in a rate-cutting cycle, and the more flexible leasing options from lessors are expected to further enhance the penetration rate of ship leasing. The largest shareholder of CSSC SHIPPING is China Shipbuilding Group, holding a 74.38% stake.
The firm noted that the company's overall qualifications are good, with multiple financing channels, and the overall financing cost is at a favorable level. In 2024, the company's interest-bearing debt cost rate is only 3.56%. Considering the subsequent debt maturity replacement and the rate cuts by major global economies, the cost of industrial and commercial funds is expected to further improve. In terms of profitability, the company's ROE has basically maintained around 15%, indicating strong profitability. Coupled with a high dividend payout ratio, the company has a significant advantage in dividend yield, with a TTM dividend yield exceeding 7%
