HK Stock Market Move | TS LINES (02510) up nearly 4%, expected to more than double its net profit year-on-year in the first half to at least $180 million.

TS LINES (02510) rose nearly 4%, reaching 2.8% by the time of publication, trading at 8.81 Hong Kong dollars with a turnover of 31.3452 million Hong Kong dollars. On the news front, on August 1st, TS LINES announced that the group expects the company's equity shareholders' share of profit for the first half of the year to be approximately 180 million to 200 million US dollars, an increase of about 220% to 255% year-on-year. The significant increase in net profit during the period was mainly due to the overall increase in average freight rates, consistent with market trends, and an increase in charter hire income, primarily due to an increase in the number of vessels chartered at higher charter rates. China Securities Co., Ltd. pointed out that the Trump administration has restarted the "tit-for-tat tariff" policy. The pace of tariff negotiations has significantly changed freight rate trends. During the tariff war, the shipping schedule on the China-US route became chaotic, with some goods being rush shipped in order to avoid widespread tariffs, and at the peak of the tariff war, trade was close to being halted, with only some cross-border e-commerce products and exempted goods able to be shipped. In order to avoid tariffs, manufacturing industries that already had factories overseas have increased efforts to transfer intermediate products from China, leading to a significant increase in regional route prices and a drop in mainline freight rates.