HK Stock Market Move | Cssc Offshore & Marine Engineering (00317) rises by more than 4% again, first quarter performance forecast exceeds expectations, company benefits from surge in demand for feeder container ships.

Cssc Offshore & Marine Engineering (00317) rose by more than 4%, with a cumulative increase of nearly 30% within the month. As of the time of publication, it has increased by 4.27% to 16.13 Hong Kong dollars, with a trading volume of 76.9201 million Hong Kong dollars. On the news front, Cssc Offshore & Marine Engineering previously announced a profit forecast, expecting a net profit attributable to shareholders of the listed company of 3.6 billion to 4.3 billion yuan in the first quarter, an increase of 95.16% to 133.11% year-on-year. Shenwan Hongyuan Group released a research report stating that the performance is better than expected, mainly due to the accelerated delivery pace of civil ships from the controlling shipyards Huangpu Wenchong and the participating shipyard Guangzhou Shipyard International, leading to accelerated profit release. The bank pointed out that against the background of frequent geopolitical conflicts, the regionalization of the global supply chain is being restructured, the ocean shipping network is getting denser, and the demand for feeder shipping is increasing, leading to shipowners speeding up orders for small and medium-sized container ships. The average number of new orders for 3-6 thousand TEU container ships in the past 12 months is 291% higher than the average over the past 10 years. The shipyard Huangpu Wenchong, under the company, holds 19% of the orders for 3-6 thousand TEU container ships globally, and new orders within 2026 account for 41% globally, both ranking first globally. It is the shipyard that benefits the most from the outbreak of demand for small and medium-sized container ships.