Morgan Stanley's research report states that Cosco Shipping Holdings' net income for the third quarter of this year increased by 286% year-on-year to 21.3 billion yuan. Excluding one-time items, recurring profits increased by 289% year-on-year, consistent with preliminary performance. Morgan Stanley estimates that OOIL, a subsidiary of the group, contributed 1.2 billion US dollars in the third quarter, accounting for approximately 37% of the department's profit, and remained flat compared to the first half of the year. The bank also believes that the performance of Cosco Shipping Holdings in the third quarter will mark the peak of this year's profits. Morgan Stanley has set the target price for the H shares of Cosco Shipping Holdings at 8.5 Hong Kong dollars, believing that even though short-term freight rates may fluctuate due to seasonal factors, the downturn in the shipping industry over the next two years is expected to continue, hence they have a 'shareholding' rating for its H shares.