Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Rebecca Liu was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Mar 10
SITC International Holdings Company Limited, Annual General Meeting, Apr 20, 2026 SITC International Holdings Company Limited, Annual General Meeting, Apr 20, 2026. Announcement • Feb 26
SITC International Holdings Company Limited to Report Fiscal Year 2025 Results on Mar 10, 2026 SITC International Holdings Company Limited announced that they will report fiscal year 2025 results on Mar 10, 2026 Announcement • Jan 27
SITC International Holdings Company Limited Provides Unaudited Earnings Guidance for Year Ended December 31, 2025 SITC International Holdings Company Limited provided unaudited Earnings Guidance for Year Ended December 31, 2025. For the period, the unaudited profit attributable to the Company's shareholders for the year ended 31 December 2025 is expected to be between approximately USD 1,200 million and USD 1,230 million, representing an increase of between approximately 16.0% and 18.9%, as compared with that for the year ended 31 December 2024. For the year ended 31 December 2025, container shipping volume was approximately 3.85 million TEUs, an increase of approximately 7.8% from that of the previous year, and the average freight rate (excluding slot exchange rate) was approximately USD 753.0/TEU, an increase of approximately 4.4% from the previous year. The Company believes that the reasons for the increase were mainly attributable to the increase in the Group's container shipping volume driven by the stable expansion of the Asian market, and the increase in freight rates due to the Group's positioning as a quality service provider. Announcement • Dec 20
Sitc International Holdings Company Limited Announces Special Dividend, Payable on January 15, 2026 SITC International Holdings Company Limited announced special dividend, payable on January 15, 2026 of HKD 0.7 per share with record date of January 12, 2026 and Ex-dividend date of January 05, 2026. Announcement • Aug 06
SITC International Holdings Company Limited to Report First Half, 2025 Results on Aug 15, 2025 SITC International Holdings Company Limited announced that they will report first half, 2025 results on Aug 15, 2025 Announcement • Apr 30
SITC International Holdings Company Limited Approves Final Dividend for the Year Ended 31 December 2024 SITC International Holdings Company Limited at its AGM held on April 29, 2025, approved final dividend of 140 Hong Kong cents per share for the year ended 31 December 2024. Announcement • Mar 10
SITC International Holdings Company Limited, Annual General Meeting, Apr 29, 2025 SITC International Holdings Company Limited, Annual General Meeting, Apr 29, 2025. Announcement • Feb 26
SITC International Holdings Company Limited to Report Q4, 2024 Final Results on Mar 10, 2025 SITC International Holdings Company Limited announced that they will report Q4, 2024 final results on Mar 10, 2025 Announcement • Jan 21
SITC International Holdings Company Limited Provides Unaudited Earnings Guidance for Year Ended December 31, 2024 SITC International Holdings Company Limited Provides unaudited Earnings Guidance for Year Ended December 31, 2024. For the period, the company expected the unaudited profit attributable to the Company's shareholders to be between approximately USD 1,000.0 million and USD 1,030.0 million, representing an increase of between approximately 86.5% and 92.1%, as compared with that for the year ended 31 December 2023. Announcement • Dec 18
SITC International Holdings Company Limited Announces Change in Composition of Board Committees The board of directors of SITC International Holdings Company Limited announced the following changes to the composition of the disclosure committee of the Company and the sustainable development committee of the Company with effect from 18 December 2024: Mr. Xue Mingyuan, executive Director and chief executive officer of the Company, ceased to be the chairman of the Disclosure Committee and the chairman of the Sustainable Development Committee; Mr. Liu Kecheng, executive Director, ceased to be a member of the Disclosure Committee and a member of the Sustainable Development Committee; Mr. Lai Zhiyong, executive Director, ceased to be a member of the Disclosure Committee and a member of the Sustainable Development Committee; Ms. Yang Xin, non-executive Director and vice chairman of the Board, has been appointed as the chairman of the Sustainable Development Committee; Mr. Tse Siu Ngan, chief independent non-executive Director, has been appointed as a member of the Disclosure Committee and a member of the Sustainable Development Committee; Dr. Liu Ka Ying, Rebecca, independent non-executive Director, has been appointed as a member of the Disclosure Committee and a member of the Sustainable Development Committee; and Dr. Hu Mantian (Mandy), independent non-executive Director, has been appointed as the chairman of the Disclosure Committee and a member of the Sustainable Development Committee. Upcoming Dividend • Oct 29
Upcoming dividend of HK$0.40 per share Eligible shareholders must have bought the stock before 05 November 2024. Payment date: 15 November 2024. Payout ratio is a comfortable 72% and the cash payout ratio is 84%. Trailing yield: 4.3%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (6.0%). Announcement • Oct 23
SITC International Holdings Company Limited Declares Special Dividend, Payable on 15 November 2024 SITC International Holdings Company Limited declared special dividend of HKD 0.4 per share. Ex-dividend date is 05 November 2024. Record date is 12 November 2024. Payment date is 15 November 2024. New Risk • Sep 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (23% net profit margin). Valuation Update With 7 Day Price Move • Aug 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €2.18, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 6x in the Shipping industry in Europe. Total loss to shareholders of 8.6% over the past three years. Declared Dividend • Aug 23
First half dividend of HK$0.72 announced Shareholders will receive a dividend of HK$0.72. Ex-date: 2nd September 2024 Payment date: 20th September 2024 Dividend yield will be 39%, which is higher than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (72% earnings payout ratio) but not adequately covered by cash flows (94% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 5.8% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 22
First half 2024 earnings released: EPS: US$0.13 (vs US$0.12 in 1H 2023) First half 2024 results: EPS: US$0.13 (up from US$0.12 in 1H 2023). Revenue: US$1.30b (up 3.8% from 1H 2023). Net income: US$350.7m (up 13% from 1H 2023). Profit margin: 27% (up from 25% in 1H 2023). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 20% per year. Announcement • Aug 21
SITC International Holdings Company Limited Declares Interim Dividend for the Six Months Ended 30 June 2024, Payable on 20 September 2024 SITC International Holdings Company Limited declared Interim Dividend of HKD 0.72 per share for the Six Months Ended 30 June 2024. Ex-dividend date is 02 September 2024. Record date is 06 September 2024. Payment date is 20 September 2024. Announcement • Aug 09
SITC International Holdings Company Limited to Report Q2, 2024 Results on Aug 21, 2024 SITC International Holdings Company Limited announced that they will report Q2, 2024 results on Aug 21, 2024 Announcement • Apr 27
SITC International Holdings Company Limited Approves Final Dividend for the Year Ended 31 December 2023 SITC International Holdings Company Limited at its AGM held on 26 April 2024 approved a final dividend of 50 HK cents per share for the year ended 31 December 2023. Upcoming Dividend • Apr 23
Upcoming dividend of HK$0.50 per share Eligible shareholders must have bought the stock before 30 April 2024. Payment date: 21 May 2024. Payout ratio is a comfortable 70% but the company is paying out more than the cash it is generating. Trailing yield: 6.4%. Within top quartile of German dividend payers (4.8%). In line with average of industry peers (6.3%). Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €1.89, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 6x in the Shipping industry in Europe. Negligible returns to shareholders over past three years. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to €1.79, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 7x in the Shipping industry in Europe. Total loss to shareholders of 1.1% over the past three years. Announcement • Mar 10
SITC International Holdings Company Limited Announces CEO Changes SITC International Holdings Company Limited announced that Mr. Yang Xianxiang, an existing executive Director, vice chairman of the Board (the "Vice Chairman") and chief executive officer of the Company (the "CEO"), has been re-designated as the Chairman of the Board. Following the re-designation as the Chairman of the Board, Mr. Yang Xianxiang will no longer hold the position as the CEO in order to maintain good corporate governance practices. The Board announced that Mr. Xue Mingyuan, an existing executive Director, has been appointed as the CEO in place of Mr. Yang Xianxiang with effect from 7 March 2024. Mr. Xue Mingyuan, aged 50, has been appointed as an executive Director since 11 March 2013. Mr. Xue has been serving as the president of SITC Shipping Group and the general manager of SITC Container Lines since December 2012. Mr. Xue obtained a master degree in international shipping and logistics management from The Hong Kong Polytechnic University () in November 2004. He received a master degree in business administration from China Europe International Business School in September 2012. Mr. Xue has over 26 years of experience in the shipping industry. During the period from August 1997 to November 2012, Mr. Xue had served as the export supervisor of SITC Lianji (Shandong) Co. Ltd., the manager of the customers service department and the sales and marketing department of SITC Container Lines, the deputy general manager and general manager of SITC Container Lines (Korea) Co. Ltd. and the general manager of SITC Container Lines Company Limited. Announcement • Mar 08
SITC International Holdings Company Limited, Annual General Meeting, Apr 26, 2024 SITC International Holdings Company Limited, Annual General Meeting, Apr 26, 2024. Agenda: To consider the Proposed Amendments and the proposed adoption of the Third Amended and Restated Articles of Association. Reported Earnings • Mar 08
Full year 2023 earnings released: EPS: US$0.20 (vs US$0.73 in FY 2022) Full year 2023 results: EPS: US$0.20 (down from US$0.73 in FY 2022). Revenue: US$2.43b (down 41% from FY 2022). Net income: US$531.4m (down 73% from FY 2022). Profit margin: 22% (down from 47% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Announcement • Mar 07
SITC International Holdings Company Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 21 May 2024 SITC International Holdings Company Limited proposed final dividend of HKD 0.5 per share for the Year Ended 31 December 2023, Payable on 21 May 2024. Ex-dividend date is on 30 April 2024 with Record date on 08 May 2024. Date of shareholders' approval on 26 April 2024. Announcement • Feb 23
SITC International Holdings Company Limited to Report Fiscal Year 2023 Results on Mar 07, 2024 SITC International Holdings Company Limited announced that they will report fiscal year 2023 results on Mar 07, 2024 Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €1.55, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Shipping industry in Europe. Total returns to shareholders of 10% over the past three years. Announcement • Jan 19
SITC International Holdings Company Limited Provides Earnings Guidance for the Year Ended 31 December 2023 SITC International Holdings Company Limited provided earning guidance for 31 December 2023. The board of directors of the Company informed shareholders of the Company and potential investors that, based on the information currently available to the management, the unaudited profit attributable to the Company's shareholders for the year ended 31 December 2023 is expected to be approximately USD 530 million, representing a decline of approximately 73% as compared with that for the year ended 31 December 2022. For the year ended 31 December 2023, container shipping volume was 3.2 million TEUs, a decline of approximately 1% from that of the previous year, and the average freight rate was USD 623/TEU, a decline of approximately 43% from the previous year. Although the adjustment in global economic trade and inventory cycle in 2023, as well as the increased transportation capacity, and sector competition has led to a significant decline in unit freight revenue, the Company's differentiated and low-cost strategy has maintained strong profitability. The Company is confident that it will continue to leverageits advantages to provide customers with low-carbon, environmentally friendly, and high-quality supply chain services that create higher value for all stakeholders. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €1.51, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Shipping industry in Europe. Total returns to shareholders of 37% over the past three years. Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €1.28, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 22% over the past three years. New Risk • Oct 20
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 2.6% per year for the foreseeable future. High level of non-cash earnings (22% accrual ratio). Minor Risks Dividend is not well covered by cash flows (98% cash payout ratio). Share price has been volatile over the past 3 months (7.7% average weekly change). New Risk • Sep 01
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings are forecast to decline by an average of 6.2% per year for the foreseeable future. High level of non-cash earnings (22% accrual ratio). Minor Risk Dividend is not well covered by cash flows (98% cash payout ratio). Upcoming Dividend • Aug 21
Upcoming dividend of HK$0.60 per share at 27% yield Eligible shareholders must have bought the stock before 28 August 2023. Payment date: 14 September 2023. Payout ratio is a comfortable 68% but the company is paying out more than the cash it is generating. Trailing yield: 27%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (17%). Announcement • Aug 18
SITC International Holdings Company Limited Declares Interim Dividend for the Financial Year Ending December 31, 2023, Payable on 14 September 2023 SITC International Holdings Company Limited declared a interim dividend of HKD 0.6 per share for the financial year ending December 31, 2023. Ex-dividend date is 28 August 2023, Latest time to lodge transfer documents for registration with share registrar for determining entitlement to the dividend of 29 August 2023 16:30, Record date is 04 September 2023 and Payment date is 14 September 2023. Reported Earnings • Aug 17
First half 2023 earnings released: EPS: US$0.12 (vs US$0.44 in 1H 2022) First half 2023 results: EPS: US$0.12 (down from US$0.44 in 1H 2022). Revenue: US$1.25b (down 45% from 1H 2022). Net income: US$310.3m (down 73% from 1H 2022). Profit margin: 25% (down from 52% in 1H 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 6.3% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Aug 03
SITC International Holdings Company Limited to Report First Half, 2023 Results on Aug 16, 2023 SITC International Holdings Company Limited announced that they will report first half, 2023 results on Aug 16, 2023 Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €1.65, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 8x in the Shipping industry in Europe. Total returns to shareholders of 197% over the past three years. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €1.67, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Shipping industry in Europe. Total returns to shareholders of 188% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.31 per share. Upcoming Dividend • Apr 19
Upcoming dividend of HK$1.60 per share at 21% yield Eligible shareholders must have bought the stock before 26 April 2023. Payment date: 17 May 2023. Payout ratio is a comfortable 70% but the company is paying out more than the cash it is generating. Trailing yield: 21%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (13%). Recent Insider Transactions • Apr 17
Insider recently sold €79k worth of stock On the 12th of April, Siu Ngai Tse sold around 40k shares on-market at roughly €1.98 per share. This transaction amounted to 57% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Mar 09
Full year 2022 earnings released: EPS: US$0.73 (vs US$0.44 in FY 2021) Full year 2022 results: EPS: US$0.73 (up from US$0.44 in FY 2021). Revenue: US$4.11b (up 37% from FY 2021). Net income: US$1.94b (up 67% from FY 2021). Profit margin: 47% (up from 39% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to fall by 12% p.a. on average during the next 3 years compared to a 11% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Announcement • Jan 31
SITC International Holdings Company Limited Provides Unaudited Earnings Guidance for the Year Ended 31 December 2022 SITC International Holdings Company Limited provided unaudited earnings guidance for the year ended 31 December 2022. For the period, the Board, it is expected that the net profit attributable to shareholders of the Company for the year ended 31 December 2022 will increase substantially to over USD 1,900 million, as compared to approximately USD 1,167.2 million for the year ended 31 December 2021. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €1.91, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Shipping industry in Europe. Total returns to shareholders of 130% over the past three years. Announcement • Dec 17
SITC International Holdings Company Limited Announces Board Changes The board of directors of SITC International Holdings Company Limited announced that with effect from 16 December 2022, Ms. Yang Xin, a non-executive Director, has resigned as a member of the audit committee of the Company and has been appointed as a member of the risk management committee of the Company. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improved over the past week After last week's 16% share price gain to €2.34, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Shipping industry in Europe. Total returns to shareholders of 208% over the past three years. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improved over the past week After last week's 19% share price gain to €2.10, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 6x in the Shipping industry in Europe. Total returns to shareholders of 179% over the past three years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Rebecca Liu was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €2.48, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Shipping industry in Europe. Total returns to shareholders of 287% over the past three years. Upcoming Dividend • Aug 22
Upcoming dividend of HK$2.40 per share Eligible shareholders must have bought the stock before 29 August 2022. Payment date: 14 September 2022. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 10%. Within top quartile of German dividend payers (4.6%). In line with average of industry peers (9.7%). Reported Earnings • Aug 17
First half 2022 earnings released: EPS: US$0 (vs US$0.18 in 1H 2021) First half 2022 results: EPS: US$0. Revenue: US$2.26b (up 69% from 1H 2021). Net income: US$1.17b (up 140% from 1H 2021). Profit margin: 52% (up from 36% in 1H 2021). Over the next year, revenue is forecast to decline by 1.3% while the Shipping industry in Germany is not expected to grow. Announcement • Aug 17
Sitc International Holdings Company Limited Announces Interim Dividend for the Six Months Ended 30 June 2022, Payable 14 September 2022 SITC International Holdings Company Limited announced Interim Dividend of HKD 2.4 per share for the Six Months Ended 30 June 2022. Ex-dividend date: 29 August 2022. Record date: 02 September 2022. Payment date: 14 September 2022. Announcement • Aug 03
SITC International Holdings Company Limited to Report First Half, 2022 Results on Aug 16, 2022 SITC International Holdings Company Limited announced that they will report first half, 2022 results on Aug 16, 2022 Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improved over the past week After last week's 17% share price gain to €3.30, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Shipping industry in Europe. Total returns to shareholders of 344% over the past three years. Announcement • Jul 19
SITC International Holdings Company Limited Provides Consolidated Earnings Guidance for the Six Months Ended June 30, 2022 The board of directors of the SITC International Holdings Company Limited (the "Board") informed the shareholders of the Company (the "Shareholders") and potential investors of the Company that, based on the preliminary assessment of the unaudited management accounts of the Group for the six months ended 30 June 2022 and the information currently available to the Board, it is expected that the consolidated net profit of the Group for the six months ended 30 June 2022 will increase substantially to approximately $1,170 million, as compared to approximately $487.9 million for the six months ended 30 June 2021. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Rebecca Liu was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 23
SITC International Holdings Company Limited Approves Final Dividend for the Year Ended December 31, 2021 SITC International Holdings Company Limited at its annual general meeting held on April 22, 2022, approved to declare a final dividend of 140 HK cents per share for the year ended December 31, 2021. Upcoming Dividend • Apr 19
Upcoming dividend of HK$1.40 per share Eligible shareholders must have bought the stock before 26 April 2022. Payment date: 13 May 2022. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 8.6%. Within top quartile of German dividend payers (3.9%). Lower than average of industry peers (9.8%). Reported Earnings • Mar 08
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$0.44 (up from US$0.13 in FY 2020). Revenue: US$3.01b (up 79% from FY 2020). Net income: US$1.16b (up 231% from FY 2020). Profit margin: 39% (up from 21% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.9%. Over the next year, revenue is forecast to grow 21%, compared to a 19% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 66% per year whereas the company’s share price has increased by 61% per year. Announcement • Feb 24
SITC International Holdings Company Limited to Report Fiscal Year 2021 Results on Mar 07, 2022 SITC International Holdings Company Limited announced that they will report fiscal year 2021 results on Mar 07, 2022 Announcement • Jan 22
SITC International Holdings Company Limited Provides Earnings Guidance for the Year Ended 31 December 2021 SITC International Holdings Company Limited provided earnings guidance for the year ended 31 December 2021. For the year, it is expected that the consolidated net profit attributable to shareholders of the Company for the year ended 31 December 2021 will increase substantially to approximately USD 1,150 million, as compared to approximately USD 353.7 million for the year ended 31 December 2020. Upcoming Dividend • Dec 23
Upcoming dividend of HK$0.80 per share Eligible shareholders must have bought the stock before 30 December 2021. Payment date: 14 January 2022. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 5.3%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (1.6%). Announcement • Dec 18
SITC International Holdings Company Limited Declares of A Special Dividend, Payable on January 14, 2022 SITC International Holdings Company Limited declared of a Special Dividend of HKD 0.8 per share. Payable on January 14, 2022. Ex- dividend date on December 31, 2021.Record date on January 6, 2022. Valuation Update With 7 Day Price Move • Oct 01
Investor sentiment deteriorated over the past week After last week's 21% share price decline to €3.08, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the Shipping industry in Europe. Total returns to shareholders of 451% over the past three years. Upcoming Dividend • Aug 20
Upcoming dividend of HK$1.00 per share Eligible shareholders must have bought the stock before 27 August 2021. Payment date: 10 September 2021. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (3.1%). Higher than average of industry peers (1.8%). Reported Earnings • Aug 18
First half 2021 earnings released: EPS US$0.18 (vs US$0.045 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: US$1.33b (up 80% from 1H 2020). Net income: US$485.6m (up 309% from 1H 2020). Profit margin: 36% (up from 16% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Jul 10
Executive Director recently sold €2.5m worth of stock On the 6th of July, Zhi Yong Lai sold around 700k shares on-market at roughly €3.60 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €10.0m more than they bought in the last 12 months. Announcement • Jun 18
SITC International Holdings Company Limited Provides Unaudited Earnings Guidance for the Six Months Ending June 30, 2021 SITC International Holdings Company Limited provided unaudited earnings guidance for the six months ending June 30, 2021. For the six months, it is expected that the Group will record a consolidated net profit attributable to shareholders of the Company for the six months ending 30 June 2021 in the amount of approximately USD 440 million to USD 480 million as compared to that for the corresponding six months ended 30 June 2020, representing a notably increase in the amount of approximately USD 320 million to USD 360 million. Based on the information currently available to the Company, the Board believes that such increase was primarily attributable to the combined effect of the increase in demand of container shipping and logistics services for the past months in 2021 as compared to the corresponding period of the year 2020; and the overall improvement of the Group's operating efficiency and the effective cost control. Valuation Update With 7 Day Price Move • May 14
Investor sentiment deteriorated over the past week After last week's 15% share price decline to US$2.78, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Shipping industry in Europe. Total returns to shareholders of 280% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.24 per share. Recent Insider Transactions • May 02
Executive Director recently sold €2.2m worth of stock On the 27th of April, Ming Yuan Xue sold around 700k shares on-market at roughly €3.21 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €4.5m more than they bought in the last 12 months. Announcement • Apr 27
SITC International Holdings Company Limited Declares Final Dividend for the Year Ended 31 December 2020 SITC International Holdings Company Limited announced that at its AGM held on April 26, 2021, approved a final dividend of 60 Hong Kong cents per share for the year ended 31 December 2020. Upcoming Dividend • Apr 24
Upcoming dividend of HK$0.60 per share Eligible shareholders must have bought the stock before 29 April 2021. Payment date: 14 May 2021. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.1%). Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment deteriorated over the past week After last week's 17% share price decline to US$2.50, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 12x in the Shipping industry in Europe. Total returns to shareholders of 283% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.31 per share. Recent Insider Transactions • Apr 10
Executive Director recently sold €60k worth of stock On the 7th of April, Ming Yuan Xue sold around 20k shares on-market at roughly €2.98 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.4m more than they bought in the last 12 months. Reported Earnings • Mar 25
Full year 2020 earnings released: EPS US$0.13 (vs US$0.083 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$1.69b (up 8.5% from FY 2019). Net income: US$351.6m (up 60% from FY 2019). Profit margin: 21% (up from 14% in FY 2019). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improved over the past week After last week's 19% share price gain to US$2.70, the stock trades at a trailing P/E ratio of 24.1x, up from the previous P/E ratio of 20.2x. Average P/E is 16x in the Shipping industry in Europe. Total returns to shareholders over the past three years are 279%. Executive Departure • Mar 10
Independent Non-Executive Director has left the company On the 8th of March, Kwok On Yeung's tenure as Independent Non-Executive Director ended after 10.5 years in the role. As of December 2020, Kwok On personally held 211.62k shares (€368k worth at the time). A total of 4 executives have left over the last 12 months. Announcement • Mar 10
SITC International Holdings Company Limited Announces Change of Directors and Change in Composition of Board Committees SITC International Holdings Company Limited announced that with effect from 8 March 2021: Mr. Xue Peng has tendered his resignation as an executive Director and Mr. Yeung Kwok On has tendered his resignation as an independent non- executive Director as they would like to devote of their time to their other business commitment, as well as to support the Board diversity and enhance corporate governance, with effect from 8 March 2021. Each of Mr. Xue Peng and Mr. Yeung Kwok On has confirmed that (i) he has no claims against the Company in respect of his resignation; (ii) he has no disagreement with the Board; and (iii) there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company. Following the resignation of Mr. Xue Peng as an executive Director, Mr. Xue Peng will also cease to be a member of the disclosure committee of the Company (the "Disclosure Committee"), the sustainable development committee of the Company (the "Sustainable Development Committee") and the risk management committee of the Company (the "Risk Management Committee"). Mr. Xue Peng will continue to act as the company secretary and one of the authorized representatives of the Company upon his resignation as an executive Director. Following the resignation of Mr. Yeung Kwok On as an independent non-executive Director, Mr. Yeung Kwok On will also cease to be the chairman of the remuneration committee of the Company (the "Remuneration Committee") and the member of nomination committee of the Company (the "Nomination Committee"). The Board announced that Ms. Yang Xin () ("Ms. Yang") has been appointed as an non-executive Director with effect from 8 March 2021. Mr. Yang Shaopeng will resign as member of the Remuneration Committee; Mr. Yang Xianxiang will resign as member of the Nomination Committee; and Mr. Tse Siu Ngan will be appointed as chairman of the Remuneration Committee. Reported Earnings • Mar 09
Full year 2020 earnings released: EPS US$0.13 (vs US$0.083 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$1.69b (up 8.5% from FY 2019). Net income: US$351.6m (up 60% from FY 2019). Profit margin: 21% (up from 14% in FY 2019). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Mar 09
Revenue misses expectations Revenue missed analyst estimates by 1.2%. Over the next year, revenue is forecast to grow 17%, compared to a 9.3% growth forecast for the Shipping industry in Germany. Announcement • Mar 09
SITC International Holdings Company Limited, Annual General Meeting, Apr 26, 2021 SITC International Holdings Company Limited, Annual General Meeting, Apr 26, 2021. Agenda: To consider final dividend. Announcement • Feb 25
SITC International Holdings Company Limited to Report Fiscal Year 2020 Results on Mar 08, 2021 SITC International Holdings Company Limited announced that they will report fiscal year 2020 results on Mar 08, 2021 Is New 90 Day High Low • Feb 17
New 90-day high: €2.22 The company is up 36% from its price of €1.63 on 18 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.20 per share. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment deteriorated over the past week After last week's 17% share price decline to US$1.80, the stock is trading at a trailing P/E ratio of 26x, down from the previous P/E ratio of 31.2x. This compares to an average P/E of 21x in the Shipping industry in Europe. Total returns to shareholders over the past three years are 142%. Is New 90 Day High Low • Jan 19
New 90-day high: €2.06 The company is up 58% from its price of €1.30 on 21 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 36% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.97 per share. Is New 90 Day High Low • Jan 05
New 90-day high: €1.86 The company is up 55% from its price of €1.20 on 07 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 35% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.10 per share. Recent Insider Transactions • Dec 29
Independent Non-Executive Director recently bought €159k worth of stock On the 22nd of December, Kwok On Yeung bought around 100k shares on-market at roughly €1.59 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €1.4m more in shares than they bought in the last 12 months. Announcement • Dec 20
SITC International Holdings Company Limited Announces Board Changes The Board of SITC International Holdings Company Limited announced that with effect from 18 December 2020: Mr. Tsui Yung Kwok has resigned as an independent non-executive Director, chairman of the Audit Committee and member of each of the Remuneration Committee and Risk Management Committee; and Dr. Liu Ka Ying, Rebecca has been appointed as an independent non- executive Director, chairman of the Audit Committee and member of each of the Remuneration Committee and Risk Management Committee. Dr. Liu possesses experience in management, finance, investment in real estate development and private investment funds, as well as accounting and financial management. From June 1996 to March 2002, Dr. Liu served as the general manager for the Asia and China region of The PRG-Schultz International Inc., a company listed on NASDAQ. In January 2007, Dr. Liu was appointed as the chief executive officer of AllPanther Asset Management Limited and has served at such position since then. Since November 2013, Dr. Liu has been appointed as an independent non- executive director and chairman of the audit committee of Logan Group Company Limited, the shares of which are listed on the Main Board of the Stock Exchange (stock code: 3380). Dr. Liu is currently the senior vice president of Fortune (Shanghai) Limited. Valuation Update With 7 Day Price Move • Nov 25
Market bids up stock over the past week After last week's 17% share price gain to US$1.83, the stock is trading at a trailing P/E ratio of 25.3x, up from the previous P/E ratio of 21.7x. This compares to an average P/E of 17x in the Shipping industry in Europe. Total returns to shareholders over the past three years are 194%. Valuation Update With 7 Day Price Move • Nov 20
Market bids up stock over the past week After last week's 21% share price gain to US$1.81, the stock is trading at a trailing P/E ratio of 24.5x, up from the previous P/E ratio of 20.1x. This compares to an average P/E of 17x in the Shipping industry in Europe. Total returns to shareholders over the past three years are 182%. Is New 90 Day High Low • Nov 10
New 90-day high: €1.55 The company is up 80% from its price of €0.86 on 11 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.50 per share. Recent Insider Transactions • Nov 07
Key Executive recently sold €847k worth of stock On the 2nd of November, Kecheng Liu sold around 606k shares on-market at roughly €1.40 per share. This was the largest sale by an insider in the last 3 months. Kecheng has been a seller over the last 12 months, reducing personal holdings by €1.6m. Announcement • Oct 29
SITC International Holdings Company Limited Announces Board Changes The board of directors of SITC International Holdings Company Limited announced that with effect from 27 October 2020, each of Dr. Lo Wing Yan, William and Dr. Ngai Wai Fung has resigned as an independent non-executive Director The reason for the resignations of Dr. Lo Wing Yan, William and Dr. Ngai Wai Fung is that each of Dr. Lo Wing Yan, William and Dr. Ngai Wai Fung has been serving as an independent non-executive director of the company for almost 10 years, and the company considers that it is appropriate for them, as well for better corporate governance of the company, for Dr. Lo Wing Yan, William and Dr. Ngai Wai Fung to resign their respective independent directorship to pursue their other personal committements. Further, the resignations of Dr. Lo Wing Yan, William and Dr. Ngai Wai Fung is also in line with the company's board diversity policy. The board announced that, following the resignations of Dr. Lo Wing Yan, William and Dr. Ngai Wai Fung, each of Mr. Tse Siu Ngan and Dr. Hu Mantian has been appointed as an independent non-executive Director with effect from 27 October 2020. Mr. Tse has extensive experience working at Fortune 500 companies, with 15 years of experience in senior management positions. From April 2001 to April 2004, Mr. Tse served as the managing director of Triaton China, Ltd, responsible for the overall operations and business development of the company. During the period from April 2004 to April 2017, Mr. Tse served various management positions at Hewlett-Packard with his last position as the vice president and general manager in the HP enterprise services Greater China department, responsible for the overall management of the group's enterprise services in Greater China. From April 2017 to April 2018, Mr. Tse served as the senior vice president and general manager in the digital business services department of SAP SE (Greater China region). From April 2018 to February 2020, Mr. Tse served as the general manager in the global technology services department of IBM (Greater China region). Mr. Tse is currently the Greater China general manager of Zebra Technologies. Dr. Hu is Associate Professor in the Department of Marketing at the Chinese University of Hong Kong. She is also the director of the Center for Consumer Insights. She serves as Honorary Advisor of Hong Kong Digital Analytics Association and provides consulting services to marketing research firms, telecom companies and handset manufacturers. Her research focuses on using quantitative models to study and explain consumer behaviors using big data in industries such as telecommunication, automobile, e-commerce and FinTech. The Board further announced that with effect from 27 October 2020: Dr. Lo Wing Yan, William has resigned as member of each of the audit committee, nomination committee and risk management committee (the "Risk Management Committee") of the Company; Dr. Ngai Wai Fung has resigned as chairman of the Risk Management Committee and member of each of the Audit Committee, Nomination Committee and Remuneration Committee; Ms. Tse has been appointed as chairman of the Risk Management Committee and member of each of the Audit Committee, Nomination Committee and Remuneration Committee; and Dr. Hu has been appointed as member of each of the Audit Committee, Nomination Committee and Risk Management Committee. Is New 90 Day High Low • Oct 24
New 90-day high: €1.32 The company is up 55% from its price of €0.85 on 24 July 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.45 per share. Is New 90 Day High Low • Oct 07
New 90-day high: €1.20 The company is up 28% from its price of €0.94 on 09 July 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.45 per share. Announcement • Aug 12
SITC International Holdings Company Limited to Report First Half, 2020 Results on Aug 21, 2020 SITC International Holdings Company Limited announced that they will report first half, 2020 results on Aug 21, 2020 