Glonghui, May 27 | Morgan Stanley released a report saying that the Red Sea Air blockade delayed the arrival of the downward shipping cycle. Supply-side risks are accumulating, but in the short term, they have been absorbed by strong demand due to shipping diversion. The bank raised its profit forecast for Dongfang Overseas by 36% and 32% for this year and next two years, and raised COSCO Maritime Control's profit forecast by 98% and 61% for the same period. The bank also raised Haifeng International's profit forecast for this year and next two years by 26% and 5%, but lowered its 2026 profit forecast by 3%. The bank sharply raised the target price of the three shipping stocks mentioned above. Haifeng International's target price was raised from HK$14.6 to HK$18.2, COSCO Maritime Control's target price was raised from HK$6.5 to HK$13.2, and Orient Overseas's target price was raised from HK$75 to HK$114, reflecting the increase in profit forecasts for this year and the possibility of a relative balance between bull and bear markets. The bank estimates that for every 5% increase in shipping costs, the profit forecast will increase by 20% to 25%. Among them, COSCO Maritime Control's revenue risk exposure to spot shipping charges is high.