Sinotrans Shipping

Sinotrans slides amid gloomy dry bulk outlook

Sinotrans slides amid gloomy dry bulk outlook

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 defies trend to post US$55m profit

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

Sinotrans may get fresh parental injection

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 aims to double fleet despite market fears

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 Group

28 Jul 2008 - 12:00am

Sinotrans eyes used vessels to boost fleet

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

Heads Up

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

Sinotrans pledges strong earnings

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

In Brief

Shui On signs MOU to develop 10b yuan project in Yunnan

23 Nov 2007 - 12:00am

Sinotrans Shipping IPO ties up HK$280b

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

GCL-Poly gains but Zhong An's debut ill-timed

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

Sinotrans institutional share offer 14 times oversubscribed

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

Tycoons commit US$25m each to Sinotrans IPO

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 to spend US$3.5b to add capacity

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

Beijing calls for HK reforms to spur listings

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