Yamato: Among shipping stocks, it is recommended that investors pay attention to SITC (01308) and maintain a "hold" rating.

Yamato released a research report stating that considering the US has entered an interest rate reduction cycle, the expected dividend yield of the covered shipping companies next year will reach mid to high single-digit percentages, which is more attractive. With the prepositioning of demand in the peak season, it is believed that the market has largely absorbed the impact of the decline in freight rates since mid-August, and it is believed that prices can stabilize around the National Day holiday in October. Yamato recommends investors to pay attention to SITC (01308) with a "hold" rating, and believes that COSCO Shipping Holdings (01919) is a high-value stock selection with a "sell" rating. The report points out that Israel launched a new round of airstrikes against Hezbollah bases in Lebanon, reportedly causing at least 490 deaths. In addition, the US Maritime Alliance (USMX) has stated that they have not been able to schedule a meeting with the International Longshoremen's Association (ILA) on new contract negotiations. The ongoing strikes on the US East Coast and the unstable geopolitical situation have boosted investment sentiment in the shipping industry. Currently, the likelihood of a significant decline in freight rates next year is low.