Research from Quam Securities, Quam Securities

Quam Securities Research

Research from Quam Securities

Quam Securities

Since its inception in 1986, Quam Securities Limited (Quam Securities) has grown to become one of the few mid-tier securities brokerages in Hong Kong with global execution capabilities for both private and institutional clients. It boasts a well-established network in Greater China including Taiwan and in major world markets through the Global Alliance Partners (GAP). Quam Securities is well-positioned not only to harness and drive business within the China Tonghai International Financial Limited but also between China and the world markets.

Thematic (Sector/Industry)

<ul style="list-style-type: disc;"><li>Shipping rates continued their downtrend last week with the WCI Composite Container Index fell 5.4% w/w and the rate for one of the mostly watched key routes, SH-to-LA falling 9.2%</li><li>Dry bulk rates fell even more with the Baltic Dry Bulk Index falling 15.4% w/w and the latest level of 1082 basically normalized to pre-pandemic levels</li><li>Crude oil tanker rate was flat w/w and continued to outperform the other two sectors</li></ul>

Shipping rates continued their downtrend last week with the WCI Composite Container Index fell 5.4% w/w and the rate for one of the mostly watched key routes, SH-to-LA falling 9.2%Dry bulk rates fell even more with the Baltic Dry Bulk Index falling 15.4% w/w and the latest level of 1082 basically normalized to pre-pandemic levelsCrude oil tanker rate was flat w/w and continued to outperform the other two sectors

Tactical Trade Idea – Shipping Sector : Shipping Rates Remained Under Pressure

Hong Kong

Orient Overseas International Ltd, through its subsidiaries, owns and leases ships, operates terminals, and provides freight forwarding and container transportation services.  The Company also develops and invests in properties, leases equipment, and invests in securities.

Orient Overseas International (316 HK)

Tactical Trade Idea – Shipping Sector : Shipping Rates Remained Under Pressure

Dry bulk rates fell even more with the Baltic Dry Bulk Index falling 15.4% w/w and the latest level of 1082 basically normalized to pre-pandemic...

Quam Securities