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大行评级|摩根大通:维持东方海外国际“增持”评级 估值仍具有吸引力

Bank Ratings | J.P. Morgan Chase: Maintaining Dongfang Overseas's “Accumulation” Rating Valuation Is Still Attractive

Gelonghui Finance ·  Apr 18 03:31

According to a report published by J.P. Morgan Chase, there are no highlights in Oriental Overseas International's latest performance and dividends, but the favorable factors brought about by the recent route readjustment caused by the Red Sea have not penetrated, and the attractive supply and demand relationship in the industry supports the recovery of spot freight rates when the continuous container demand trend is better than expected. Meanwhile, the escalation of the Middle East crisis has exacerbated global supply chain chaos, further limiting capacity. Furthermore, under uncertain macroeconomic prospects, the Group's healthy balance sheet and non-interest-bearing debt have also brought some relief to market sentiment. The bank lowered Orient Overseas's target price from HK$165 to HK$145, believing that its valuation is still attractive and maintains an “gain” rating.

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