HK Stock Market Move | China International Marine Containers (02039) rose more than 9% in the afternoon, nearing its historical high. The company is the leading contractor in marine engineering construction.

China International Marine Containers (02039) rose more than 9% in the afternoon, reaching a high of 11.45 Hong Kong dollars, approaching the historical high of 11.651 Hong Kong dollars. As of the time of writing, it is up 8.41% at 11.34 Hong Kong dollars, with a turnover of 64.3967 million Hong Kong dollars. On the news front, China International Marine Containers recently released an investor relations activity record. The announcement shows that as of the end of June 2025, the company holds orders of approximately 5.55 billion US dollars in the marine engineering sector, with production scheduled until 2027/2028. It is expected that the profitability of the marine engineering business in 2025 will significantly increase. According to EMA forecasts, the global upstream oil and gas sector plans to invest 126 billion US dollars from 2025 to 2029, with FPSO attracting more than 70% of the funding for facility construction. Huatai previously released a research report stating that as the global oil and gas development shifts structurally towards deep-sea areas, FPSO as a core production facility is entering a period of opportunity. Benefiting from continuous upgrades in technology and manufacturing capabilities, Chinese FPSO supply chain companies are expected to benefit significantly from this current deep-sea investment boom cycle, recommending China International Marine Containers as a global leader in marine construction.