Glonghui, May 15 | According to the report, Dongfang Overseas (0316.HK)'s revenue forecasts for this year and next year were lowered by 27% and 26% respectively to take into account the lower freight rates and traffic volume due to weak global trade. At the same time, it indicated that the company's revenue forecast for 2025 was 10 billion US dollars. The bank said that it will cut Daimo's costs by 31% and 32% respectively for this year and next year, while adjusting the company's net profit forecasts for this year and next year to decrease 10.1% and increase 10.4% respectively. At the same time, it stated that the company's net profit forecast for 2025 is 2.8 billion US dollars. Daimo raised Dongfang's overseas target price from HK$119.9 to HK$131.9, maintaining its “reduced holdings” rating. The stock is currently reported at HK$1,592, with a total market value of HK$104.5 billion.