HK Stock Market Move | TS LINES (02510) rose more than 6% in early trading, and the phenomenon of Southeast Asia's rush to transport is expected to show in the short term. The company's shipping business is focused on the Asia-Pacific region.

TS LINES(02510) rose more than 6% in morning trading, up 4.17% as of press time, at 5.75 Hong Kong dollars, with a trading volume of 14.1632 million Hong Kong dollars. CMSC pointed out that the volume of US orders has significantly decreased due to tariffs, with Maersk's US-West Coast route dropping from 2000+ to 1600$/FEU; however, the phenomenon of rush shipping in Southeast Asia is expected to appear in the short term. It is expected that the second quarter will see an increase in the prosperity of feeder lines. Huayuan Securities pointed out that the current high tariffs imposed by the US on China may lead to almost stagnant direct trade of most goods between the two countries, while the significant tariff difference between other regions and China may stimulate transshipment trade in the next 90 days, especially in intra-Asia and Asia-Latin America shipping trade. It is recommended to pay attention to TS LINES. It is reported that TS LINES is a container shipping company focusing on the Asia-Pacific region. By fleet size, the company ranked 21st among global container shipping companies as of January 1, 2024, with a market share of 0.3%, and ranked sixth among container shipping companies focusing on the Asia-Pacific region as of December 2023, with a market share of 2.3%. As of April 30, 2024, the company's container shipping network covers 21 countries and regions globally and 56 major ports. As of April 30, 2024, the company operates route services covering 16 countries and regions in the Asia-Pacific region.