Shares in Sinotrans Shipping dropped more than 3 per cent yesterday after the firm said net profit slumped 78.1 per cent to US$20.1 million last year, down from US$91.7 million in 2011.Saturday, 9 March, 2013, 5:15am
Sinotrans Shipping's share price rose 5.2 per cent yesterday after it reported a better-than-expected net profit of US$55.22 million for the first six months of the year.
The counter closed at HK$1.82, buoyed by a US$58.48 million result that was down just 5.6 per cent from a year earlier though analysts had forecast a lower outcome of US$48 million to US$52 million.27 Aug 2011 - 12:00am
Freight forwarder Sinotrans could get a further injection of logistics-related assets from parent company Sinotrans & CSC by 2014 in a move that would shift all its logistics operations into the Hong Kong-listed subsidiary.20 Aug 2011 - 12:00am
Sinotrans Shipping has reaffirmed its commitment to double the size of its fleet, with plans for new and second-hand vessel acquisitions despite short-term concerns about the outlook for the dry bulk cargo market.11 Aug 2010 - 12:00am
Today 1st Interim: Semiconductor Manufacturing International Corporation
Interim: China Coal Energy, Nanjing Sample Technology, Sinotrans Shipping, Zijin Mining Group28 Jul 2008 - 12:00am
Strong demand for ore and coal spurs plan
Sinotrans Shipping, whose profits rose 18.4 per cent last year, may buy second-hand vessels and acquire a small shipping company to expand its bulk vessel fleet given the country's strong demand for iron ore and coal, its chairman says.14 Mar 2008 - 12:00am
Lingering negatives continue to hound the stock market
The stock market does not have a lot of reasons to be bullish these days, and while the sell-off may slow somewhat, this week is unlikely to produce much of a gain in share prices.26 Nov 2007 - 12:00am
After a dismal trading debut, shipper anchors hopes on surging demand
Management at mainland dry bulk carrier Sinotrans Shipping is putting on a brave face after the disappointing debut of the group's shares on the Hong Kong market on Friday.26 Nov 2007 - 12:00am
Shui On signs MOU to develop 10b yuan project in Yunnan23 Nov 2007 - 12:00am
Sinotrans Shipping has attracted 243 times oversubscription for the retail portion of its initial public offering, tying up about HK$280 billion, according to market sources.
Its institutional tranche, consisting of HK$10.3 billion worth of shares, was more than 75 times oversubscribed.16 Nov 2007 - 12:00am
Mainland property stock offerings in Hong Kong are coming off the boil amid poor market sentiment, with Zhong An Real Estate putting in a lacklustre first-day performance.
Shares of the Hangzhou-based firm fell as much as 16.04 per cent before closing at HK$6.71 yesterday, a 0.6 per cent gain from its offer price and well below the debuts of other recent property listings.14 Nov 2007 - 12:00am
Strong demand also expected for retail tranche opening today
Listing candidate Sinotrans Shipping had drawn institutional orders of 14 times of available shares for its HK$11.5 billion initial public offering, despite soured market sentiment in the United States, sources said.12 Nov 2007 - 12:00am
Sinotrans Shipping, one of the country's largest shipping companies in terms of self-owned dry bulk fleet size, had brought in Li Ka-shing and Lee Shau-kee as cornerstone investors for its planned US$1.47 billion initial public offering this month, market sources said.5 Nov 2007 - 12:00am
Sinotrans Shipping, a unit of state-owned Sinotrans Group, may spend US$3.5 billion in the next five years to boost capacity amid rising demand, according to a report by one of its listing sponsors.31 Oct 2007 - 12:00am
State-owned enterprises are still encouraged to list in Hong Kong although the city's financial market needs to improve, the head of the mainland's state-owned assets watchdog said yesterday, without giving details of required changes.16 Oct 2007 - 12:00am