On August 26, SITC fell 3.07% in regular trading, trading at HK$46.22, with turnover of HK$72.51 million, extending the pullback for a third consecutive session.

The decline follows a sustained wave of profit-taking after the stock touched an all-time high of HK$50 on August 21, driven by better-than-expected H1 results. The company reported H1 revenue of US$1.84 billion, up 10.7% year-on-year, and attributable profit of US$676.5 million, up 7.4%. The stock surged post-earnings but quickly exceeded analyst targets from J.P. Morgan (HK$47) and CICC (HK$48.7), triggering selling pressure. Short selling on August 21 reached 1.652 million shares, accounting for 19.63% of total turnover, signaling strengthening bearish positioning at elevated levels.

The broader marine sector is declining in tandem, with COSCO SHIP HOLD down 0.46%, OOIL down 1.31%, TS LINES down 2.77%, PACIFIC BASIN down 0.72%, and LC LOGISTICS down 1.70%, compounding downward pressure on the stock.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)