Glonghui, June 12 丨 Morgan Stanley published a report saying that after the price increase on US routes on June 1, Hong Kong and mainland container shipping stocks outperformed their respective indices last week, but due to weak trade demand, it is believed that the rise in spot freight rates is unsustainable. Daimo expects effective supply growth of 6% and 9% respectively this year and next two years, while effective supply increases of 8.2% and 11.4% for ships above 8,000 TEU this year and next two years, far exceeding the average annual demand growth rate of 2.5% from 2011 to 2022. The bank's profit forecasts for Haifeng International (1308.HK) for next year and the following year will fall 10.8% and 11.3%, respectively, to reflect a reduction in its cost advantage in an environment where chartering costs fall. Dongfang Overseas (0316.HK) earnings forecasts for next year and the year after fall 8% and 11.7%, respectively, to reflect lower rate expectations. COSCO Marine Holdings (1919.HK)'s profit forecasts for next year and the year after fall by 0.1% and 4.4%, respectively. The bank also lowered its target price to reflect lower profit expectations and net reduction. Haifeng International lowered its target price by 18.2% to HK$15.3, rating “in sync with the market”. The target price of COSCO Offshore Holdings H shares was lowered by 22.2% to HK$5.6, and the rating was “reduced”. The target price of Oriental Overseas was lowered 37% to HK$83.1, and the rating was “reduced holdings”.