In today’s briefing:
- AviChina Industry (2357 HK): This Is Just the Beginning
- TS Lines Pre-IPO | Slimming Down Fleet | Intra-Asia Market Update | Latest From Key Comp Wan Hai
AviChina Industry (2357 HK): This Is Just the Beginning
- AviChina Industry & Technology H (2357 HK) is expected to see sustained profit upturn in 2H23 following a 26.8% growth in 1H23. Continued geopolitical turmoil will still benefit it.
- All its listed A-share subsidiaries recorded a pick-up in earnings momentum in 2Q23, and this indicates solid underlying demand as well as the impact of product developments.
- Avicopter PLC (600038 CH) has seen volume and price recovery after product portfolio refinement while new products have stimulated the ancillary system and related business.
TS Lines Pre-IPO | Slimming Down Fleet | Intra-Asia Market Update | Latest From Key Comp Wan Hai
- So far in 2023 TS Lines has sold off close to one quarter of its shipping capacity
- In the company’s core market, Intra-Asia, it appears rates have bottomed out here in Q323
- We also review Q2 financial results from TS Lines’ main comp, Wan Hai Lines (WHL)
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