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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.
Zhitong FinanceApr 29 21:55 ET
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.
Zhitong FinanceApr 28 23:12 ET
東方海外國際:2023年報
Futu NewsApr 24 04:45 ET · Announcements
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
Shanesas78 : SCAMMER
HopelessChi : End year 5000 HSTI?
SpineeOP HopelessChi: hope so
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