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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.
We Think You Can Look Beyond Ocean Line Port Development's (HKG:8502) Lackluster Earnings
OCEAN LINE PORT: 2024 Interim Report
Ocean line port released its interim results, and the shareholders' attributable surplus decreased by 6.8% year-on-year, amounting to 31.336 million yuan.
Ocean Line Port (08502) announced its six-month performance ending on June 30, 2024, with revenue of RMB 87.553 million for the period, a decrease of 6% year-on-year. The net profit attributable to the company's owners was RMB 31.336 million for the period, a decrease of 6.8% year-on-year. The basic earnings per share were 3.92 cents.
Ocean line port (08502) released its interim results. Shareholders' attributable surplus decreased by 6.8% to 31.336 million yuan year-on-year.
Ocean line port (08502) announced the performance of the first six months of the financial year ending on June 30, 2024, during which the group achieved revenue...
OCEAN LINE PORT: INTERIM RESULTS ANNOUNCEMENT FOR THESIX MONTHS ENDED 30 JUNE 2024
There's No Escaping Ocean Line Port Development Limited's (HKG:8502) Muted Earnings Despite A 29% Share Price Rise
