Changes in Hong Kong stocks | Shipping stocks continue their recent gains. Shipping companies collectively announced price increases in May, and the actual results of implementation remain to be seen

Shipping stocks continued their recent gains. As of press release, Pacific Shipping (02343) rose 3.83% to HK$2.71; Orient Overseas International (00316) rose 3.82% to HK$106; COSCO Marine Control (01919) rose 3.15% to HK$9.18; and Haifeng International (01308) rose 2.04% to HK$16.02.

Zhitong FinanceApr 21 21:53 ET

Xiaomo: Target price for Dongfang Overseas International's “increase in holdings” rating reduced to HK$145

J.P. Morgan Chase released a research report stating that it “added” the rating to Dongfang Overseas International (00316), and the target price was reduced by 12% from HK$165 to HK$145. Considering OCW's operations in the second half of 2023 and the first quarter of 2024, J.P. Morgan believes that although the latest performance and dividend decisions are not impressive, OCEC's valuation is still attractive. The bank said that Orient Overseas International's revenue for the first quarter of this year increased by 21.9% compared to the previous quarter. Mainly due to the increase in comprehensive freight rates under the Red Sea situation. Also, spot freight rates have stabilized and are expected to rise. Two months after Lunar New Year

新浪港股Apr 18 23:40 ET

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

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 it

Gelonghui FinanceApr 18 03:31 ET

[Broker Focus] J.P. Morgan cuts Dongfang Overseas International (00316) target price by 12%, but it is expected that there is room for further rebound in its freight rate

Jin Wu Financial News | According to J.P. Morgan Chase Research Report, Dongfang Overseas International (00316)'s revenue for the first quarter of this year increased 21.9% compared to the previous quarter, mainly due to the rise in comprehensive freight rates under the Red Sea situation. Also, spot freight rates have stabilized and are expected to rise. Following the decline two months after the Lunar New Year, the Shanghai Container Freight Index has seen a slight increase for two consecutive weeks. Considering OFC's operations in the second half of 2023 and the first quarter of 2024, the bank believes that although the latest performance and dividend payment decisions are not impressive, Motong believes that Orient Overseas International's valuation is still attractive. The market account ratio is 0.6 times, dividend ratio

金吾財訊Apr 17 22:51 ET

IQAX EBL Wins Prestigious APTFF Trade Facilitation Innovation Award 2024

Yahoo FinanceApr 17 22:36 ET

Xiaomo: Target price for Dongfang Overseas International (00316) “Plus” rating reduced to HK$145

The Zhitong Finance App learned that J.P. Morgan Chase released a research report stating that the target price was reduced by 12% from HK$165 to HK$145 for Oriental Overseas (00316). Considering OCW's operations in the second half of 2023 and the first quarter of 2024, J.P. Morgan believes that although the latest performance and dividend decisions are not impressive, OCEC's valuation is still attractive. The bank said that Orient Overseas International's revenue for the first quarter of this year increased by 21.9% compared to the previous quarter. Mainly due to the increase in comprehensive freight rates under the Red Sea situation. Also, spot freight rates have stabilized and are expected to rise.

Zhitong FinanceApr 17 22:22 ET