The Zhitong Finance App learned that Damo released a research report saying that it believes the stock price of Dongfang Overseas International (00316) will fall 70% to 80% within 30 days, giving it a “reduced holdings” rating, with a target price of HK$75. Damo said that Dongfang Overseas's dividend for the second half of last year was unattractive, and since this year, the company's stock price performance has outperformed the market index by 10 percentage points, in contrast to weak fundamentals and the sluggish performance of global peers. Therefore, if the spot market continues to weaken, the bank and the market's profit forecast for 2024 will risk being lowered.