JP Morgan lowered the target price for OOIL to 176 yuan, maintaining an "overweight" rating
JP Morgan published a report stating that Orient Overseas (00316.HK) remains in a favorable position to benefit from ongoing global supply chain disruptions. The continued tightening of the supply chain, coupled with geopolitical tensions, is consistently consuming effective capacity and driving overall industry freight rates higher. The company possesses a cost advantage per TEU, a flexible fleet strategy, and strict cost management, further enhancing its ability to capture rising opportunities in the current environment.
The firm maintains an "Overweight" rating on Orient Overseas, lowering the target price from HKD 179 to HKD 176, mainly due to slight adjustments in book value
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