SITC International Holdings (1308 HK): Strong Growth; Dividends Highlight Shareholder Returns

SITC International has released 3Q26 operating data and declared a special dividend. Revenue rose 21.6% YoY but fell 9.7% QoQ to USD970mn, with container volume up 2.2% YoY but down 15.8% QoQ (-15.8%) and revenue per TEU up 21.5% YoY and 3.1% QoQ. The QoQ volume decline reflects seasonal weakness and typhoon-related port congestion, which slowed vessel turnaround; higher freight rates came from solid export demand and geopolitical risk premium. For 9M26, revenue reached USD2.81bn, up 14.2% YoY, with volume of 2.91mn TEUs, up 5.9% YoY. The company declared a special dividend of HKD1.0 per share, which together with the interim dividend of HKD1.5 per share brings total declared dividends to HKD2.5 per share;