Orient Overseas (International)'s 2H Earnings Performance Likely to Be Weaker -- Market Talk

Dow Jones
08/27

0155 GMT - Orient Overseas (International)'s 2H earnings performance is likely to be weaker due to declining freight rates amid higher industry uncertainty, UOB Kay Hian's Roy Chen says in a research report. Management highlighted factors that could weigh on the company's container shipping market, such as policy uncertainty, new vessel deliveries and changes in the global economic outlook. Additional port charges by the U.S. on Chinese carriers are also expected to weigh more heavily on the container shipping operator's earnings. The brokerage forecasts the Chinese company's 2H net profit to fall 67% on year. It cuts the stock's rating to sell from hold and the target price to HK$135.00 from HK$136.40. Shares are 0.5% higher at HK$144.00. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

August 26, 2025 21:55 ET (01:55 GMT)

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