Chinese shipping stocks were built this morning and raced to win the big city; China Ocean (01919-HK) rose 5.65% in a half-day, the Middle Sea development (01138-HK) also rose 3.75%, Pacific Shipping (02343-HK) and CSCL (02866-HK) synchronized up more than 2%. The index recently reshaped its rally after the Baltic Dry Bulk Shipping Index (BDI) edged up 1.17% to 3,542 points yesterday. And there are market comments that steel price stability at home and abroad, a rise in the two quarter, the other countries, steel start rate also significantly rebounded, driving demand for iron ore transport growth; and since late June, the domestic average daily electricity generation continued to increase momentum, coal shipping volume has also increased; Boosting confidence in the market, and the low valuation of the plate, price-to-book at the bottom of history. Citigroup also published a new study, said the Chinese ocean and China Ocean to the first rating as a buy, the target price of HK $12.75 and HK $4.6. The first rating of China Sea Development and CSCL is set to be held with a target price of HK $11.85 and HK $2.6.
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