[ET Net News Agency, 6 May 2024] HSBC Global Research raised the target price for OOIL
(00316) to HKD95 from HKD80 and maintained the "reduce" rating.
The research house said it lifts freight rate growth estimates in 2024 by 12.5ppts to
reflect the fact that freight rate was gaining support from the Red Sea disruption, but
lowers 2025 average freight rates assumption to reflect the prolonged overcapacity and the
extended downcycle in the container shipping industry. (rc)