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Major bank rating | JPMorgan: Industry forecasts show that future shipping demand will slow down in the coming months, lowering Orient Overseas target price to HK$166.
According to the industry forecast, the demand is expected to slow down in the coming months, but it is anticipated that freight rates in the fourth quarter will not have a significant adjustment. Looking ahead to 2025, the industry's supply and demand imbalance situation may improve.
COSCO SHIP DEV: INTERIM REPORT 2024
Some Investors May Be Willing To Look Past COSCO SHIPPING Development's (HKG:2866) Soft Earnings
COSCO SHIPPING Development (HKG:2866) Is Experiencing Growth In Returns On Capital
Hong Kong stocks volatility | Shipping stocks generally weaken, spot freight rates accelerate decline, industry interim report overall apparent growth rate lower than expected.
Shipping stocks are generally weakening. As of the time of publication, COSCO Shipping Holdings (01919) fell by 2.79% to HKD 10.44; OOIL (00316) fell by 2.38% to HKD 106.7; and SITC (01308) fell by 1.93% to HKD 17.24.
COSCO Shipping Development's H1 Profit Drops 19%, Revenue Soars 105%; Shares Down 4%
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