[ET Net News Agency, 3 June 2024] HSBC Global Research raised the target price for SITC
(01308) to HKD25 from HKD21 and maintained the "buy" rating.
The research house said it raises 2024e net profits by 20% to USD655m on higher volume
(+7.5% y-o-y) and lower freight rate decline (-1.5% y-o-y). (rc)