On July 16th, Morgan Stanley issued a technical opinion report stating that there is a 70-80% chance that the stock price of Orient Overseas could fall in the next 60 days. The company's second-quarter operating data was moderate, with a 1% year-on-year increase in cargo volume, but a decrease in cargo capacity, possibly due to the restructuring of routes. Revenue per standard container increased by 13.4% year-on-year, compared to a 53% increase in the China Containerized Freight Index (CCFI) during the same period. The bank believes that the space for the stock price of Orient Overseas to rise is limited by the company's mid-term performance, and risks include the peak of the atmosphere in the container shipping market and possible adjustments to current freight rates. The bank's target price for Orient Overseas is HKD 89 with a rating of "shareholding".
大行评级｜大摩：东方海外股价有70%至80%机会在未来60日下跌 目标价为89港元
Credit rating | Morgan Stanley: There is a 70% to 80% chance that the stock price of Dongfang overseas will fall in the next 60 days, with a target price of HK$89.
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