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Is Now An Opportune Moment To Examine Orient Overseas (International) Limited (HKG:316)?
Hong Kong stocks movement | Marine transportation stocks drop further, the situation of shipping companies announcing price increases is yet to be observed. In late December, marine transportation demand is decreasing, and freight rates may decline.
Marine transportation stocks have widened their decline. As of the time of publication, sitc (01308) fell by 5.91%, to HKD 20.7; cosco shipping holdings (01919) fell by 3.01%, to HKD 11.62; pacific basin (02343) fell by 2.43%, to HKD 2.01.
Hong Kong stocks fluctuate | Marine transportation stocks fall in the afternoon, the high stock price increase may not meet expectations, and it is expected that the downward cycle mentioned by Morgan Stanley will continue.
Marine transportation stocks fell in the afternoon, as of the time of publication, cosco shipping holdings (01919) dropped by 3.48% to HKD 12.2; sitc (01308) fell by 2.43% to HKD 22.05; ooil (00316) fell by 2.34% to HKD 112.8; cosco shipping development (02866) fell by 0.91% to HKD 1.09.
HK Stock Market News: Marine transportation stocks rose across the board in the morning, with European shipping block orders rising more than 10% at one point. Institutions state that market expectations for the peak season remain strong.
Marine transportation stocks rose across the board in the morning session, as of the time of publication, Dexin Shipping (02510) rose by 6.03% to HKD 4.57; SITC International (01308) rose by 2.46% to HKD 22.95; OOIL (01308) rose by 1.42% to HKD 114.4; COSCO Shipping Holdings (01919) rose by 0.96% to HKD 12.62.
An Intrinsic Calculation For Orient Overseas (International) Limited (HKG:316) Suggests It's 45% Undervalued
Hong Kong stock anomaly | Cosco Shipping Holdings (01919) rises by over 4% again, with third-quarter performance reaching a profit peak. Morgan Stanley predicts that the industry's downturn cycle will continue.
Cosco Shipping Holdings (01919) rose by over 4%, as of the time of publication, up 3.99% at HK$12, with a turnover of HK$92.0321 million.