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Companies Industrials 2510.HK
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2510.HK HKEX Marine Freight & Logistics

T.S. Lines Ltd

HK$8,43
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Mcap
14,0B HKD
P/E
44,9x
EV / Rev
Div yield
9,25 %
Op margin
ROE
Net margin
Debt / equity
Beta
52w range
Volume
Day range
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About

T.S. Lines Ltd operates in the marine freight and logistics industry, providing transportation services primarily through its fleet of container ships, and generates revenue from freight charges and related services.

Business. T.S. Lines Ltd (2510.HK) is a Hong Kong-headquartered company engaged in the marine freight and logistics industry. The firm operates within the transportation sector, providing shipping services characterized by asset-heavy operations and service-revenue models. It is primarily listed on the Hong Kong Stock Exchange. Specific details regarding operating segments and geographic revenue mix are not disclosed.

Classification92 %
SectorIndustrials
Business sectorTransportation
IndustryMarine Freight & Logistics
ActivityTransportation
Generated · model-assisted
Sell-side consensus
BUY2 analysts
1 buy1 hold0 sell
Avg 12m price target11,50

Analyst recommendations

2 analysts · consensus Buy
Buy1
Hold1
Sell0
12-month price target
11,50
Consensus of sell-side coverage.
Upcoming events
— missing data
See all catalysts →

At a glance

Score
not yet scored
Valuation
44,9x
P/E
Analysts
Buy
2 analysts · indicative
Ownership
not yet wired
Profitability
not yet wired
Quality
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning 2510.
  • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials · THIS SECTOR−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to 2510.HK. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    T.S. Lines Ltd (2510.HK) is a Hong Kong-headquartered company engaged in the marine freight and logistics industry. The firm operates within the transportation sector, providing shipping services characterized by asset-heavy operations and service-revenue models. It is primarily listed on the Hong Kong Stock Exchange. Specific details regarding operating segments and geographic revenue mix are not disclosed.

    Classification92 %
    SectorIndustrials
    Business sectorTransportation
    IndustryMarine Freight & Logistics
    ActivityTransportation
    AI synthesis
    GENERATED

    T.S. Lines Ltd has a market capitalization of USD 14.77 billion, with a current market price of USD 8.87 per share. The company has no dilution risk, as basic and diluted shares outstanding are equal at 1.67 billion shares. However, liquidity risk could not be assessed due to the absence of balance-sheet inputs and no going-concern language in source documents.

    Profitability metrics are not available for direct comparison to industry medians, as the valuation snapshot does not include return on invested capital (ROIC), operating margins, or net margins. Analysts have assigned a mean price target of USD 11.50, with a median of USD 11.50 and a high of USD 13.50, indicating a potential upside of 30% from the current market price.

    The company's revenue concentration and geographic exposure are not disclosed in the available data. No segment-specific revenue breakdown is provided, and the company does not appear to have a material presence in any single geographic region. This lack of detail limits the ability to assess exposure to regional economic or geopolitical risks.

    Growth trajectory is not quantified in the available data, as no revenue history or outlook for the current or next fiscal year is provided. Analysts have issued one "Buy" and one "Hold" recommendation, with no "Strong Buy" ratings, suggesting a neutral to cautiously optimistic outlook.

    Risk factors include the inability to assess liquidity risk due to missing balance-sheet data. No dilution risk is currently present, as basic and diluted shares are aligned. However, the absence of going-concern language in source documents raises concerns about the company's long-term viability and access to capital.

    No recent events, such as filings or transcripts, are available in the provided data to inform the company's current strategic direction or operational performance. The lack of recent disclosures limits the ability to assess management's response to industry challenges or opportunities.

    Key takeaways
    • T.S. Lines Ltd has a market capitalization of USD 14.77 billion, with a current market price of USD 8.87 per share.
    • Analysts have assigned a mean price target of USD 11.50, indicating a potential upside of 30% from the current market price.
    • The company has no dilution risk, as basic and diluted shares outstanding are equal at 1.67 billion shares.
    • Liquidity risk could not be assessed due to the absence of balance-sheet inputs and no going-concern language in source documents.
    • No recent events or disclosures are available to inform the company's current strategic direction or operational performance.

    Bull / Bear case

    Generated · model-assisted
    — missing data

    In focus — financials by report

    Annual
    ANNUALFiled 2026-03-20
    FY 2026 · Full-year highlights

    Revenue $1.28B, −4,2% YoY; Operating income −4,0% YoY.

    Revenue$1.28B−4,2 % YoY
    Operating income$331.0M−4,0 % YoY
    Net income$328.9M−10,1 % YoY
    Free cash flow$284.5M+97 197,6 % YoY
    EPS
    Operating cash flow$502.1M+4,5 % YoY
    Financials
    Income statement
    Revenue$1.28B
    Gross profit$253.7M
    Operating income$331.0M
    Net income$328.9M
    Margins
    Gross margin19.7%
    Operating margin25.8%
    Net margin25.6%
    FCF margin22.1%
    Balance sheet
    Total assets$2.46B
    Total liabilities$338.4M
    Total equity$2.12B
    Cash & equivalents$485.7M
    Long-term debt$149.7M
    Cash flow
    Operating cash flow$502.1M
    CapEx-$200.7M
    Free cash flow$284.5M
    SBC
    P&L flow · revenue → net income
    Revenue $1.28BOperating costs $953.8MTax $2.1MNet income $328.9M
    Highlights
    • Revenue $1.28B, −4,2% YoY
    • Operating income −4,0% YoY
    • Net income −10,1% YoY
    • Free cash flow +97 197,6% YoY
    • Net margin 25.6%

    Valuation FY

    Market price
    HK$8,43
    Market cap
    HK$14.77B
    Enterprise value
    P/E
    44.9x
    Non-GAAP P/E
    EV / Revenue
    EV / Op income
    EV / OCF
    P / B
    P / Tangible book
    Tangible book
    Net cash
    Current ratio
    Debt / equity
    ROA
    ROE
    Cash conversion
    CapEx / revenue
    SBC / revenue
    Dilution ratio
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Next quarternear-term
    Earnings · next quarterconf 45 %
    EPS
    Consensus EPS
    0,20
    Predicted surprise
    +0,00
    Beat probability
    45 %
    Analysts
    2
    Other metrics
    Revenue
    no estimate
    Segment revenue
    no estimate
    Margin
    no estimate
    Segment margin
    no estimate
    as of 2026-05-19 · Earnings Surprise V1
    Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
    Full fiscal year~1 year ahead
    Full fiscal year · our forecast vs guidance vs consensus
    MetricOur forecastGuidanceConsensus
    EPSno estimateno estimate0,20
    Revenueno estimateno estimate1,3B USD
    Operating incomeno estimateno estimate266,8M USD
    Full-year consensus mean (period as reported by source) · consensus in USD. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
    Probabilistic model output — not investment advice. · generated 2026-08-04

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution2 analysts
    Strong buy0
    Buy1
    Hold1
    Sell0
    Strong sell0
    12-month price targetHK$11,50 · Median HK$11,50
    Low HK$9,50High HK$13,50
    Operating income · consensus266,8M USD
    EPS surprise
    −1,0 %
    reported vs consensus · miss
    Revenue surprise
    −2,2 %
    reported vs consensus · miss

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    LowHK$9,50
    MeanHK$11,50
    MedianHK$11,50
    HighHK$13,50
    SpotHK$8,43
    +36.4 %implied to mean12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskUnknown

    Benchmarks vs cohort

    No cohort benchmark data available for this issuer yet.

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Physical assets

    34 tracked
    AssetTypeCommodityCountryRole
    KOTA CALLAOVesselWest Africa Liner Zone, Gulf of GuineaManager
    TEH PEACEVesselFar East Liner Zone, East China SeaManager
    TS BANGKOKVesselFar East Liner Zone, South China SeaManager
    TS CHIBAVesselSouth East Asia Liner Zone, Gulf of Thailand, ThailandManager
    TS DALIANVesselFar East Liner Zone, South China SeaManager
    TS GUANGZHOUVesselFar East Liner Zone, South China Sea, China (Mainland)Manager
    TS HAKATAVesselFar East Liner Zone, East China SeaManager
    TS HOCHIMINHVesselSouth East Asia Liner Zone, Borneo SeaManager
    TS HONGKONGVesselFar East Liner Zone, East China SeaManager
    TS JAKARTAVesselSouth East Asia Liner Zone, East Indian OceanManager
    TS JOHORVesselFar East Liner Zone, South China SeaManager
    TS KAOHSIUNGVesselFar East Liner Zone, South China Sea, Hong KongManager
    TS KEELUNGVesselMEG / WC India Liner Zone, Arabian SeaManager
    TS KELANGVesselSouth East Asia Liner Zone, South China SeaManager
    TS KOBEVesselKansai, Far East Liner Zone, North Pacific Ocean (Japan), JapanManager
    TS KWANGYANGVesselGuangdong, Far East Liner Zone, South China Sea, China (Mainland)Manager
    TS MAWEIVesselFar East Liner Zone, North Pacific Ocean (Japan)Manager
    TS MELBOURNEVesselFar East Liner Zone, East China SeaManager
    TS MUNDRAVesselFar East Liner Zone, South China Sea, Taiwan Strait WaypointManager
    TS NAGOYAVesselFar East Liner Zone, South China SeaManager
    TS NANSHAVesselFar East Liner Zone, South China Sea, Hong KongManager
    TS OSAKAVesselSouth East Asia Liner Zone, Gulf of Thailand, ThailandManager
    TS PENANGVesselFar East Liner Zone, East China SeaManager
    TS PUSANVesselFar East Liner Zone, South China Sea, Hong KongManager
    TS QINGDAOVesselFar East Liner Zone, South China Sea, Hong KongManager
    TS SHANGHAIVesselSouth East Asia Liner Zone, Borneo SeaManager
    TS SHEKOUVesselSouth East Asia Liner Zone, Borneo SeaManager
    TS SINGAPOREVesselMEG / WC India Liner Zone, Arabian SeaManager
    TS SURABAYAVesselFar East Liner Zone, East China SeaManager
    TS SYDNEYVesselEast Aussie Liner Zone, Coral SeaManager
    TS TACOMAVesselMEG / WC India Liner Zone, West Indian OceanManager
    TS TIANJINVesselFar East Liner Zone, East China SeaManager
    TS TOKYOVesselFar East Liner Zone, East Sea / Sea of Japan, Korea Strait Waypoint, South KoreaManager
    TS XIAMENVesselFar East Liner Zone, South China Sea, Hong KongManager
    Tracked physical assets associated with this issuer (operated, managed, or owned).

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Market Price
      input from market-data provider (delayed close or quote-shim mid)
    • Market Cap
      market_price * shares_outstanding_diluted
    Source documents
    • T.S. Lines Ltd Market data — financials · 2026-05-26
    • T.S. Lines Ltd Market data — analyst estimates · 2026-05-26

    Ownership & reference

    Leadership

    • Jen-chieh HuangSenior Vice President

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    2510.HKCanonical
    HKEX · HKD

    Intel & risk

    PredictorBeat prob45 %Surprise+0,00Full forecast →
    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskUnknown

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
    2026-03-20 19:41 UTCEARNINGSAnnual results — FY 2026 Revenue USD 1.28B · Net USD 328.9M
    2025-03-28 20:10 UTCEARNINGSAnnual results — FY 2025 Revenue USD 1.34B · Net USD 365.9M
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage