HTCO
High-Trend International Group Class A Ordinary SharesHTCO
HTCO
About: High-Trend International Group formerly Caravelle International Group is an international operator of ocean transportation services. It is engaged in the seaborne transportation service under voyage contracts as well as vessel service for and on behalf of ship owners. The company has two operating segments namely, ocean transport and Heating business. The company derives the majority of its revenue from the Ocean transportation business. The company derives freight revenue from voyage contracts and provides vessel service. Majority of revenue is from providing shipping services for customers in Asia, principally in Singapore, Dubai, Korea, Japan, and India.
Employees: 31
0
Funds holding %
of 7,407 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
331% more capital invested
Capital invested by funds: $105K [Q3] → $453K (+$348K) [Q4]
0.14% less ownership
Funds ownership: 0.39% [Q3] → 0.24% (-0.14%) [Q4]
13% less funds holding
Funds holding: 8 [Q3] → 7 (-1) [Q4]
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
50% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 2
Research analyst outlook
We haven’t received any recent analyst ratings for HTCO.
Financial journalist opinion
Neutral
PRNewsWire
1 month ago
Christopher Nixon Cox Named Chairman of High-Trend International Group
SINGAPORE , March 13, 2025 /PRNewswire/ -- High-Trend International Group (NASDAQ: HTCO) (the "Company"), an international shipping company, today announced the appointment of Christopher Nixon Cox, as Chairman of the Company, effective immediately. Mr. Cox , a venture capitalist and advocate for socially impactful investing, will leverage his extensive expertise in global markets and sustainability to drive the Company's strategic growth in innovation-driven sectors.
Neutral
PRNewsWire
1 month ago
High-Trend International Group Announces the Completion of a $4,452,999 Private Placement of Ordinary Shares to Its Co-Founder, Mr. Dong Zhang At a Price of $2.62 Per Share with a Three-year Lock-up
SINGAPORE , March 11, 2025 /PRNewswire/ -- High-Trend International Group (NASDAQ: HTCO) (the "Company"), an international shipping company, today announced that Mr. Dong Zhang, a co-founder of the Company, has reaffirmed his commitment to the Company's long-term growth through a substantial equity investment.
Neutral
PRNewsWire
1 month ago
High-Trend International Group Reports Fiscal 2024 Financial Results
Income from operations increased to $2.3 million in fiscal 2024, recovered from significant loss of $15.6 million in fiscal 2023. SINGAPORE , Feb. 27, 2025 /PRNewswire/ -- High-Trend International Group (NASDAQ: HTCO) (the "Company"), a global ocean technology company, today reports its consolidated financial results for the year ended October 31, 2024.
Neutral
PRNewsWire
2 months ago
Caravelle International Group Issues CEO Letter to Employees and Shareholders
Discusses Recent Corporate Developments and Commitment to Sustainability and Transparency SINGAPORE , Jan 28, 2024 /PRNewswire/ -- Caravelle International Group (NASDAQ: HTCO) ("Caravelle" or the "Company"), a global ocean shipping technology company, today released a letter to shareholders from its CEO, Mr. Shixuan He.
Neutral
PRNewsWire
3 months ago
Caravelle International Group Announces New CEO and Audit Committee Chair to Trailblaze Shipping Decarbonization and Carbon Asset Management Platform
SINGAPORE , Jan. 14, 2025 /PRNewswire/ -- Caravelle International Group (NASDAQ: HTCO), a global ocean technology company, today announced appointment of Shixuan He as the Company's Chief Executive Officer and Xuanhua Xi as an independent director and Chairman of the Audit Committee. These strategic appointments are aimed at driving the company's transition towards sustainable maritime practices and enhancing its management systems.
Neutral
PRNewsWire
3 months ago
Caravelle International Group Holds Annual General Meeting
HONG KONG , Jan. 4, 2025 /PRNewswire/ -- Caravelle International Group (NASDAQ: HTCO) (the "Company"), a global ocean technology company, announced that the Company's annual shareholder meeting was held on January 3, 2025. At the Annual Meeting, the shareholders voted to approve (1) the proposed change of the name of the Company from "Caravelle International Group" to "High-Trend International Group," (2) the proposed re-designation and re-classification of 497,500,000 ordinary shares of a par value of US$0.0001 each in the capital of the Company (including all of the issued and outstanding shares) as 497,500,000 Class A Ordinary Shares, and a proposed re-designation and re-classification of 2,500,000 unissued ordinary shares of a par value of US$0.0001 each in the capital of the Company as 2,500,000 Class B Ordinary Shares, so that the authorized share capital of the Company is US$50,000 divided into 497,500,000 Class A Ordinary Shares of a par value of US$0.0001 each and 2,500,000 Class B Ordinary Shares of a par value of US$0.0001 each, each with the rights, privileges, preferences and restrictions set out in the Amended M&A (as defined below), (3) the proposed second amended and restated memorandum and articles of association of the Company (the "Amended M&A"), and (4) the proposed removal of Mr.
Neutral
PRNewsWire
4 months ago
Caravelle International Group Regains Compliance with Nasdaq Minimum Bid Price Requirement
HONG KONG , Nov. 18, 2024 /PRNewswire/ -- Caravelle International Group (NASDAQ: HTCO), a global ocean technology company, today announced that it received a notification letter from the Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq"), informing the Company that it has regained compliance with the minimum bid price requirement set forth in Rule 5550(a)(2) of the Nasdaq Listing Rules. The Company had previously announced on July 31, 2024, that it was notified by Nasdaq on July 26, 2024 that it was not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2), as the closing bid price of the Company's ordinary shares had been below $1.00 per share for more than 30 consecutive business days.
Neutral
PRNewsWire
5 months ago
Caravelle International Group Announces Interim Unaudited Financial Results for Period Ended April 30, 2024
HONG KONG , Oct. 31, 2024 /PRNewswire/ -- Caravelle International Group (Nasdaq: HTCO), a global ocean technology company, today announced its Condensed Interim Unaudited financial results for the period ended April 30, 2024. During the reported period, Caravelle achieved revenue of approximately $35 million with income from operation of approximately $150,000, which is a significant improvement compared to an operational loss of $7 million for the same period in the financial year of 2023.
Neutral
PRNewsWire
5 months ago
Caravelle International Group Appoints Jinyu Chang as Chairman and Xin He As An Independent Director
SINGAPORE , Oct. 30, 2024 /PRNewswire/ -- Caravelle International Group (NASDAQ: HTCO), a global ocean technology company, today announced the appointment of Jinyu Chang as Chairman of the Board of Directors and Xin He as an independent director and Chair of the Audit Committee. These strategic appointments come at a pivotal moment as the Company is focused on enhancing its internal management systems and advancing its commitment to ocean carbon neutrality.
Neutral
PRNewsWire
5 months ago
Caravelle International Group Announces Termination of Agreement with CUEX Metal AG
SINGAPORE , Oct. 24, 2024 /PRNewswire/ -- Caravelle International Group ("the Company", Nasdaq: HTCO), a global ocean technology company, today announced the termination of its Ore Sourcing Agreement with CUEX Metal AG. This agreement, initially disclosed on the Company's website on April 18, 2024, was terminated upon the parties' mutual agreement.
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