SITC International Holdings Company Limited (1308). Price 25/3/2022: HKD 27.65
SITC is a US$10 billion market cap transport and logistics company, quoted in Hong Kong, doing business (i.e. shipping goods), from China 39%, South East Asia 31.2% and Japan 24.8%. They have 96 vessels delivering to 74 ports, including ports in Russia.
Shipping and logistics...
Young corporate executives in Mumbai, who may never have read Marx, were recently circulating by e-mail portions from Karl Marx's 150-year-old writings which lucidly talk about a stage in capitalism where banks would throw ever larger doses of cheap debt for consumption until there is a crises of repayment and the state would step in to take over the banks....
I don't remember publishing this chart. However, it looks like price reached the 50% retracement of the previous high and even went on to test the 61% fib level. Although price could be setting a resistance here, I believe this is a solid company and am setting up a new buy target for a longer move towards the retracement of 88% down the road. Price does look as...
Bank of America reiterated TuSimple at a 'buy' rating, with a target price of USD 60. The bank said TuSimple had plenty of liquidity despite still losing money in the third quarter.
According to TuSimple's financial announcement for the third quarter of 2021:
- The revenue was USD 1.80 million, increasing by 205.65% compared with the same period last year.
-...
The acquisition of Kerry Logistics assets reached CNY 200 billion.
SF Holding released its Q3 earnings report for the period ended September 30, 2021, on October 28.
· Operating income was CNY 47.5 billion, a 23.5% year-on-year increase.
· Net income was CNY 1.0 billion, a 43.5% year-on-year decrease.
· Gross margin decreased by 6.8%.
· Completed 51.5% shares of...
Based on historical movement, the peak could occur anywhere in the larger red box for which we are due. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on October 19, 2021 with a...
VeChain is a pumper. It was one of the altcoins to experience a very heavy loss in May officially going from $0.28 cents to bottoming out at $0.05 cents in July. An eye watering 80% loss from its all time high. As of right now VeChain has been trading sideways from $0.11 cents to $0.14 for the past 3-4 weeks.
Currently we're oversold on the daily stochastic RSI...
Now that Q3 earnings season it is time to return to the fundamentals. In light of the current turmoil in the middle east, today we will talk about globalization. One of the most interesting things about global financial markets is that they are all connected in one way or another. I like to compartmentalize globalization into two general categories supply chains...
