OROVY ORIENT O/SEAS INTL
- 73.350
- +0.150+0.20%
ORIENT O/SEAS INTL News
Changes in Hong Kong stocks | Oriental Overseas International (00316) rose more than 5% in early trading, the shipping index (European line) futures completed the first delivery and the freight rate remained high in the short term
Oriental Overseas International (00316) rose more than 5% in early trading. As of press release, it was up 5.52% to HK$114.7, with a turnover of HK$51.7816 million.
CICC: Freight rates may remain high in the short term to improve the certainty of profits and dividends for shipping companies this year
Recently, freight rates have continued to rise due to continued detours in the Red Sea, increased demand for US routes, shipping companies' capacity control, and pre-May Day shipments.
東方海外國際：2023年報
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.
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
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
[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
IQAX EBL Wins Prestigious APTFF Trade Facilitation Innovation Award 2024
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.
Orient Overseas (International) Limited's (HKG:316) Popularity With Investors Is Under Threat From Overpricing
It's not a stretch to say that Orient Overseas (International) Limited's (HKG:316) price-to-sales (or "P/S") ratio of 1x right now seems quite "middle-of-the-road" for companies in the Shipping indus
Orient Overseas (International) Revenues Decline 9.0% in Q1 of 2024
Orient Overseas (International) (HKG:0316) earned $1.98 billion in revenues for the first quarter of 2024, down 9.0% from $2.18 billion in the same period a year ago, according to a Friday filing on t
Oriental Overseas International (00316.HK): Total revenue for the first quarter decreased 9% year-on-year to US$1.98 billion
On April 12, GLONGHUI | Dongfang Overseas International (00316.HK) announced that total revenue for the first quarter ended March 31, 2024 decreased by 9.0% compared to the same period last year to US$1.98 billion. Total cargo volume increased by 3.4%, and carrying capacity increased by 2.2%. The overall carrying rate increased by 0.9% compared to the same period in 2023, and the overall average revenue per TEU decreased by 12.0% compared to the first quarter of last year.
Changes in Hong Kong stocks | Dongfang Overseas International (00316) rose by more than 4%, and many leading shipping companies raised their prices in the mid-April shipping schedule FAK quotes
Dongfang Overseas International (00316) rose more than 4%. As of press release, it rose 4.68% to HK$100.6, with a turnover of HK$69.3876 million.
Changes in Hong Kong stocks | Dongfang Overseas International (00316) rose more than 4%, leading the way, shipping stocks, and liner companies were more willing to raise prices, and the European shipping line rose nearly 9%
Shipping stocks rose in the afternoon. As of press release, Dongfang Overseas International (00316) rose 4.55% to HK$97.75; Haifeng International (01308) rose 2.24% to HK$14.62; and COSCO Marine Holdings (01919) rose 2.07% to HK$8.4.
Orient Overseas (International)'s (HKG:316) Problems Go Beyond Weak Profit
Last week's earnings announcement from Orient Overseas (International) Limited (HKG:316) was disappointing to investors, with a sluggish profit figure. We did some further digging and think they have
Changes in Hong Kong stocks | Dongfang Overseas International (00316) fell more than 3%, and dividends fell sharply year over year, HSBC says dividends may continue to be disappointing
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.
Changes in Hong Kong stocks | Dongfang Overseas International (00316) fell more than 4%, annual net profit decreased by 86% year on year, dividends fell sharply compared to last year
The Zhitong Finance App learned that Dongfang Overseas International (00316) plummeted 16% on the last trading day and fell more than 4% in early trading today. As of press release, it decreased by 4.01% to HK$95.7, with a turnover of HK$141 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%; the final interest rate was 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 rate of US$2.61 per share and a second special rate for the same period last year
Orient Overseas (International) Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Orient Overseas (International) Limited (HKG:316) just released its latest yearly report and things are not looking great. Results showed a clear earnings miss, with US$8.3b revenue coming in 3.3
Orient Overseas' Attributable Profit Plunges on Lower Revenue, Misses EPS Forecast
Orient Overseas' (HKG:0316) attributable profit plunged to $1.37 billion in 2023 from $9.97 billion in 2022, according to a Thursday filing with the Hong Kong bourse. Earnings per share fell to $2.07
OOIL To Go Ex-Dividend On May 27th, 2024 With 1.131 HKD Dividend Per Share And 0.281 HKD Special Dividend Per Share
March 22nd - $OOIL(00316.HK)$ is trading ex-dividend on May 27th, 2024. Shareholders of record on May 28th, 2024 will receive 1.131 HKD dividend per share and 0.281 HKD special dividend per share
Analysis
Price Target
No Data
