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Is Now An Opportune Moment To Examine Orient Overseas (International) Limited (HKG:316)?
CICC: The uncertainty of the Red Sea reopening has increased, and China's container shipping companies are expected to rise.
Recently, domestic shipping companies' stock prices have generally underperformed their international counterparts, possibly due to: 1) The Bearish impact of the reopening of the Red Sea on freight rates, 2) The USA's Section 301 investigation proposing additional charges on Chinese shipping companies and Chinese-built Ships, which has influenced these two Bearish narratives.
OOIL (00316.HK) will hold a Board of Directors meeting on March 13 to approve the annual performance.
OOIL (00316.HK) announced that the Board of Directors will hold a meeting on March 13, 2025, to (among other things) approve the publication of the annual performance announcement of the company and its subsidiaries for the year ending December 31, 2024, as well as to consider the proposal for the distribution of a final dividend (if any).
OOIL: Date of Board Meeting
Hong Kong stock Concept tracking | Container shipping companies collectively announced an increase in March freight rates; the undervalued shipping companies are attractive (with related stocks attached).
The latest NCFI Index released by the Ningbo Shipping Exchange shows that the overall Transportation demand in the Europe-Asia shipping route market has been recovering slowly this week, and the cargo volume is insufficient to maintain a high loading rate.
Is There An Opportunity With Orient Overseas (International) Limited's (HKG:316) 41% Undervaluation?
