Oriental overseas half a 4.32% Morgan Stanley suggested overweight

Source: Internet
Author: User
Keywords Proposal HK $ freight
Tags asset check check out company index market
Check out the latest quotes January 22, Oriental Overseas International (00316-HK) fell 4.32%, reported 52.0 Hong Kong dollars, a deal of HK $81.2763 million, the shares in the early losses of the big city, the index fell 2.54%.  Morgan Stanley is proposing to increase its holdings it also raised its target price from HK $48.3 to HK $67, which is only 0.9 times times the market for fiscal Year 10, below the average of 1.3 times in the region; with the company fading out of the Chinese property market, its aerospace asset value can be more effectively reflected and the valuation has room for improvement. Morgan Stanley also refers to the increase in freight charges, the first half of this year's freight volume growth, and the company in the second half of fiscal year 10 will be expected to record a return to profitability and other factors, are stock price potential momentum.
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