Dongfang Overseas International (00316) fell by more than 3%, and achieved three consecutive negative results after the results, with a cumulative decline of more than 22%. As of press release, it decreased by 3.22% to HK$93.05, with a turnover of HK$99.075 million.
The Zhitong Finance App learned that Dongfang Overseas International (00316) fell by more than 3% and achieved three consecutive negative results after the results, with a cumulative decline of over 22%. As of press release, it decreased by 3.22% to HK$93.05, with a turnover of HK$99.075 million.
According to the news, Oriental Overseas International recently announced its annual results. The group obtained revenue of US$8.344 billion, a year-on-year decrease of 57.9%; profit attributable to shareholders of US$1,368 billion, a year-on-year decrease of 86.27%; a final interest of 14.5 US cents per share. It is also proposed to pay a second special interest of 3.6 US cents per share, with a final interest of US$2.61 per share and a second special interest of US$1.95 per share for the same period last year.
According to a report published by HSBC Research, Dongfang Overseas's performance declined after that, and investors may be disappointed with dividends. With profits rapidly normalizing, as well as planned new shipbuilding capital expenditure, container investment, and logistics capabilities, it is believed that Orient Overseas's dividend may continue to disappoint. Damo said that if the spot market continues to weaken, the bank and the market risk that Oriental Overseas's profit forecast for 2024 will be lowered.