According to the research report released by Daiwa, it maintains a "hold" rating for OOIL (00316) and lowers the earnings forecast for the fiscal years of 2024 to 2026 by 21% to 42% to reflect the underperformance in the first half of the year. Considering the company's limited short-term catalysts and the above factors, the target price is revised down from HKD 110 to HKD 105.

The report states that the increase in operating costs of OOIL is the main reason for the decline in its profitability in the first half of the year. The management of the company attributed the substantial increase in operating costs in the first half of the year to the increase in employee bonus provisions and the fair value loss of US investment properties, resulting in a 26% year-on-year decline in net profit. The management of OOIL expects a decline in trade demand in the fourth quarter of this year. As for the stable US economy and the slight rebound in the European economy, it is expected that global trade demand will increase by low single digits compared to 2025.