share_log

《大行》大和升東方海外(00316.HK)評級至「跑贏大市」 目標價上調至120元

Daiwa raised its rating on Orient Overseas (00316.HK) to "Outperform the market", with the target price increasing to 120 yuan.

AASTOCKS ·  Nov 4 14:55

Daiwa released a research report stating that Orient Overseas (00316.HK) has announced its third-quarter performance, and the bank's outlook on high freight rates is relatively positive, therefore raising the group's earnings per share forecast for 2024 to 2026 by 29% to 95%, while also upgrading the rating from "hold" to "outperform the market", with a target price raised from 105 yuan to 120 yuan.

Daiwa expects that next year's industry freight rates will remain high, potentially allowing Orient Overseas to increase contract freight rates on its European and American routes next year. Assuming the group's average freight rates grow flat year-over-year, its profits are expected to increase by 4% annually.

The translation is provided by third-party software.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment