Asian Equities Analyst, Logistics & Transport, Tracking Traffic

Daniel Hellberg

Asian Equities Analyst, Logistics & Transport

Tracking Traffic

Focusing on Asian logistics, transportation, and travel companies

Equity Bottom-Up

<ul>
<li>As we begin lapping easy comps, our momentum index looks "less bad"</li>
<li>Red Sea re-routes, interest rate moves, fuel all helped lift shares recently</li>
<li>We think lots of bad news has been priced into shares at current levels</li>
</ul>


As we begin lapping easy comps, our momentum index looks "less bad"
Red Sea re-routes, interest rate moves, fuel all helped lift shares recently
We think lots of bad news has been priced into shares at current levels


Monthly Container Shipping Tracker | Lapping Easy Comps | Red Sea Re-Routes & More (December 2023)

<ul>
<li>Price momentum in October was negative, but decline moderated somewhat</li>
<li>Disparate Q3 profitability trends reported by Maersk, Evergreen, and ZIM </li>
<li>As sentiment weakens (again), we also see signs of a cyclical bottom</li>
</ul>


Price momentum in October was negative, but decline moderated somewhat
Disparate Q3 profitability trends reported by Maersk, Evergreen, and ZIM 
As sentiment weakens (again), we also see signs of a cyclical bottom


Monthly Container Shipping Tracker | Maersk, Evergreen, ZIM Report Disparate Results (November 2023)

AP Moeller - Maersk A/S / Equity Bottom-Up

<ul>
<li>Container shipping giant Maersk met Q3 expectations and maintained earlier FY23 guidance</li>
<li>However, downbeat commentary combined with capex and job cuts sent shares -17% lower</li>
<li>Maersk does not expect any recovery in '24, but we believe this pessimism already in prices</li>
</ul>


Container shipping giant Maersk met Q3 expectations and maintained earlier FY23 guidance
However, downbeat commentary combined with capex and job cuts sent shares -17% lower
Maersk does not expect any recovery in '24, but we believe this pessimism already in prices


Maersk Q3: Estimates Met, Guidance Kept | But Downbeat Assessment of Market Sends Shares Down -17%

<ul>
<li>Price momentum stagnant, but could North American volume surge be an inflection point?</li>
<li>Fuel price hasn't risen since outbreak of violence in mideast, but no longer a tailwind, either</li>
<li>Look to Maersk results on November 3 for guidance, US inventory de-stocking commentary</li>
</ul>


Price momentum stagnant, but could North American volume surge be an inflection point?
Fuel price hasn't risen since outbreak of violence in mideast, but no longer a tailwind, either
Look to Maersk results on November 3 for guidance, US inventory de-stocking commentary


Monthly Container Shipping Tracker | Rebound in NAM Volume Could Be Inflection Point (October 2023)

Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Quantitative Analysis

<ul>
<li>We analyze the monthly Hong Kong Connect flows with our data engine.</li>
<li>We tabulate the top stocks by inflows, outflows, and holding by mainland investors.</li>
<li>We highlight inflows into ICBC,  CCB, Meituan, Innovent Biologics, Xpeng and outflows from Petrochina.</li>
</ul>


We analyze the monthly Hong Kong Connect flows with our data engine.
We tabulate the top stocks by inflows, outflows, and holding by mainland investors.
We highlight inflows into ICBC,  CCB, Meituan, Innovent Biologics, Xpeng and outflows from Petrochina.


Hong Kong Connect Flows: $7.3bn of Inflows in September

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.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Orient Overseas International (316 HK)

Monthly Container Shipping Tracker | Lapping Easy Comps | Red Sea Re-Routes & More (December 2023)

We believe price momentum has started to get "less bad", mainly due to easier Y/Y comps. A potential Red Sea re-route could soak up lots of under...

Tracking Traffic

Monthly Container Shipping Tracker | Maersk, Evergreen, ZIM Report Disparate Results (November 2023)

Container rates remain under pressure, and fuel is no longer a tailwind. But Evergreen's stellar performance YTD is worthy of investors' attention,...

Tracking Traffic

Maersk Q3: Estimates Met, Guidance Kept | But Downbeat Assessment of Market Sends Shares Down -17%

Last Friday Maersk reported Q3 results that met expectations. The company maintained FY23 guidance, but announced surprising cash-conservation...

Tracking Traffic

Monthly Container Shipping Tracker | Rebound in NAM Volume Could Be Inflection Point (October 2023)

Pricing still appears stagnant, but a sharp rebound in container volumes moving into the ports along North America's Pacific coast in September...

Tracking Traffic

Hong Kong Connect Flows: $7.3bn of Inflows in September

We analyzed the Hong Kong Connect Scheme for September and highlight flows for ICBC, CCB, Meituan, Innovent Biologics, Xpeng and Petrochina.

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)