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Hong Kong-based intra-Asia container shipping line focused on short-haul regional trade routes.
Hong Kong-based intra-Asia container shipping line focused on short-haul regional trade routes.
Earns freight per container on frequent short-haul services within Asia, plus charges for port and logistics work, and rates follow regional vessel supply and cargo volume. It began as a Shandong-based business, and the Yang family still controls it.
In one line: A regional intra-Asia container carrier, smaller-scale than global lines.
Moat: narrow (scale, distribution). Dense intra-Asia route network and container-fleet scale in its regional niche.
Headquarters: Hong Kong · Founded: 1991 · Employees: 2,243
Size SITC International (1308.HK) is a Hong Kong Industrials company (Marine Shipping) with a market value of $15.8B, the 109th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$45.80 on 6 Nov 2026.
Performance Over six months the shares gained 33.5%, against +16.0% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 4th highest of 20 in its peer set.
Growth Revenue grew 5.2% over the last twelve months (peer median -0.2%); the operating margin is 33.7% (peer median 13.3%).
Valuation It trades at 10.7× forward earnings against a peer median of 8.1× (5th most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +15%, so the hurdle is -16 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 37.0 points above its cost of capital (8.5% WACC).
Next results Next results expected around 8 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$28.0B | HK$26.6B | HK$23.9B | HK$19.0B | HK$32.2B |
| Revenue growth | — | +11% | +25% | -41% | — |
| Gross profit | HK$10.7B | HK$10.2B | HK$8.86B | HK$4.82B | HK$15.4B |
| EBITDA | HK$10.9B | HK$10.4B | HK$9.07B | HK$5.06B | HK$15.3B |
| Net income | HK$9.92B | HK$9.53B | HK$8.02B | HK$4.16B | HK$15.2B |
| Free cash flow | HK$10.1B | HK$10.1B | HK$7.14B | HK$2.66B | HK$12.1B |
| Capital expenditure | HK$1.10B | HK$1.06B | HK$2.04B | HK$2.73B | HK$3.82B |
| Total debt | n/a | HK$2.52B | HK$3.02B | HK$2.89B | HK$4.03B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| SITC International 1308.HK | $15.8B | +34% | +5% | 34% | 10.7× | -0.4% |
| COSCO SHIPPING 1919.HK | $38.5B | +20% | -5% | 13% | 6.0× | -8.7% |
| Wan Hai Lines 2615.TW | $9.12B | +40% | -14% | 22% | 5.8× | -12.0% |
| Evergreen Marine Corp(taiwan) 2603.TW | $16.1B | +28% | -20% | 15% | 5.0× | -9.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 1308.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.5% | -4.1% | 9th lowest of 20 |
| 6-month return | +33.5% | +16.0% | 4th highest of 20 |
| Distance from 52-week high | -12.2% | -15.4% | 6th highest of 20 |
| Revenue growth (TTM) | +5.2% | -0.2% | 8th highest of 20 |
| Operating margin | 33.7% | 13.3% | 2nd highest of 20 |
| Forward P/E | 10.7× | 8.1× | 5th most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | -0.4% | -2.3% | 7th most demanding of 18 |
| Growth delivered (Del g) | +15.3% | +7.8% | 3rd highest of 18 |
| Hurdle (Req g minus delivered) | -15.7 pp | -13.0 pp | 6th least demanding of 18 |
| ROIC minus cost of capital | +37.0 pp | +1.1 pp | highest of 20 |
| EV / EBITDA | 10.9× | 5.7× | 5th most expensive of 16 |
| Net debt / EBITDA | -0.5× | 0.3× | 6th least indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| SITC International 1308.HK | Hong Kong | $15.8B | +34% | +5% | 34% | 10.7× | -0.4% | +15.3% |
| Evergreen Marine Corp(taiwan) 2603.TW | Taiwan | $16.1B | +28% | -20% | 15% | 5.0× | -9.1% | +12.9% |
| HMM 011200.KS | South Korea | $15.3B | +8% | -5% | 11% | 9.7× | -1.8% | +11.2% |
| Mitsui O.s.k. Lines 9104.T | Japan | $15.0B | +10% | +20% | 6% | 7.3× | n/a | n/a |
| Nippon Yusen Kabushiki Kaisha 9101.T | Japan | $16.8B | +17% | 0% | 6% | 9.0× | 7.8% | +8.5% |
| COSCO SHIPPING Energy Transportation 600026.SS | China | $13.2B | -21% | +38% | 33% | 6.1× | -8.2% | +7.8% |
| OOIL 0316.HK | Hong Kong | $12.8B | +10% | -8% | 10% | 5.9× | -2.3% | +3.6% |
| China Merchants Energy Shipping 601872.SS | China | $19.6B | -8% | +60% | 39% | 6.3× | -9.5% | +5.4% |
| Kawasaki Kisen Kaisha 9107.T | Japan | $11.0B | +17% | +11% | 8% | 9.4× | 7.3% | +10.2% |
| Ningbo Zhoushan Port 601018.SS | China | $10.4B | -4% | +12% | 16% | n/a | -7.3% | +7.6% |
| Hapag-Lloyd HLAG.DE | Germany | $25.1B | +11% | -9% | 2% | 18.5× | 34.4% | +7.8% |
| Wan Hai Lines 2615.TW | Taiwan | $9.12B | +40% | -14% | 22% | 5.8× | -12.0% | +11.4% |
| Wallenius Wilhelmsen WAWI.OL | Norway | $7.58B | +29% | -11% | 25% | 10.4× | -6.6% | +21.0% |
| Kuehne & Nagel International KNIN.SW | Switzerland | $34.3B | +35% | +1% | 5% | 25.4× | 3.2% | +3.7% |
| COSCO SHIPPING 1919.HK | Hong Kong | $38.5B | +20% | -5% | 13% | 6.0× | -8.7% | +4.3% |
| Kirby KEX | United States | $6.39B | -15% | +8% | 14% | 14.6× | 6.2% | +9.2% |
| Matson MATX | United States | $6.34B | +16% | 0% | 14% | 10.9× | 11.8% | +7.0% |
| Yang Ming Marine Transport 2609.TW | Taiwan | $6.03B | +14% | -22% | 6% | 6.5× | n/a | n/a |
| A.P. Moller - Maersk A/S MAERSK-A.CO | Denmark | $47.6B | +44% | -8% | 5% | 5.9× | -1.3% | +6.6% |
| COSCO Shipping Specialized Carriers 600428.SS | China | $4.40B | +25% | +37% | 19% | 8.9× | -17.9% | +27.0% |