Morgan Stanley: OOIL's fourth-quarter revenue decline meets expectations, rating "Underweight"

AASTOCKS
2026.01.12 02:41

Morgan Stanley published a research report indicating that Orient Overseas International (00316.HK) reported a 17.2% year-on-year decline in revenue for the fourth quarter and an 8.1% quarter-on-quarter decline, which is in line with expectations, accounting for 99% of the bank's full-year forecast. Revenue continues to reflect downward pressure on shipping rates. Although there is seasonal demand before the Lunar New Year, the bank expects the industry's downturn cycle to continue until 2026.

The bank forecasts Orient Overseas' earnings per share for 2025 to 2027 to be $2.06, $1.23, and $0.94, respectively. Revenue forecasts for each year are $9.721 billion, $9.567 billion, and $9.869 billion. Morgan Stanley maintains a "Reduce" rating on Orient Overseas with a target price of HKD 97

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