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东方海外国际(00316) - 董事会会议召开日期

2025-08-08 09:52
董事會會議召開日期 東方 海 外( 國 際)有限 公 司(「 本公 司」)董事 會(「 董 事會 」)宣 佈,本 公司 將 於2025年8月 21日( 星期 四 )舉 行董 事 會會 議,藉 以( 其 中包 括 )批 准刊 發 本公 司 及其 附屬 公 司截 至 2025年6月30日 止六 個 月 之中 期 業績 公 告, 以及 考 慮派 發 中期 股息 。 ORIENT OVERSEAS (INTERNATIONAL) LIMITED 東 方 海 外(國 際)有 限 公 司* (於百慕達註冊成立之成員有限責任公司) (股份代號: 316) 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責,對其準確性或完整性 亦不發表任何聲明,並明確表示,概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致 的任何損失承擔任何責任。 執行董事: 萬敏先生、張峰先生及陶衛東先生 非執行董事: 董立均先生、顧金山先生、王丹女士及葉承智先生 承董事會命 東方海外(國際)有限公司 公司秘書 肖俊光 香港 ,2025年8月8日 於本公告日期,本公司之董事為: 獨立非執行董事: 鄒耀華先生、鍾瑞明博士、楊良 ...
中证香港100工业指数报160.07点,前十大权重包含东方海外国际等
Jin Rong Jie· 2025-08-05 07:41
Group 1 - The core viewpoint of the article highlights the performance of the China Securities Hong Kong 100 Industrial Index, which has shown significant growth over various time frames, including a 14.37% increase in the past month and a 22.48% increase over the past three months [1] - The index is categorized based on the China Securities industry classification standard, with a base date of December 31, 2004, and a base point of 1000.0 [1] - The index is fully composed of securities listed on the Hong Kong Stock Exchange, with the largest sector being express delivery, accounting for 58.70% of the index [1] Group 2 - The index samples are adjusted biannually, specifically on the second Friday of June and December, with weight factors fixed until the next adjustment unless special circumstances arise [2] - Adjustments to the index samples occur in response to changes in the parent index or significant events affecting the sample companies, such as mergers or delistings [2]
东方海外国际(00316) - 截至2025年7月31日止月份之股份发行人的证券变动月报表

2025-08-01 09:11
股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致:香港交易及結算所有限公司 公司名稱: 東方海外(國際)有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00316 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 900,000,000 | USD | | 0.1 | USD | | 90,000,000 | | 增加 / 減少 (-) | | | 0 | | | | USD | | 0 | | 本月底結存 | | | 900,000,000 | USD | | 0.1 | USD | | 90,000,000 | 本月底法定/註冊股本 ...
东方海外国际(00316) - 2025 - 年度业绩

2025-07-09 11:26
ORIENT OVERSEAS (INTERNATIONAL) LIMITED 東 方 海 外(國 際)有 限 公 司* (於百慕達註冊成立之成員有限責任公司) (股份代號:316) 有關截至 2024 年 12 月 31 日止年度之年報的 補充公告 茲提述東方海外(國際)有限公司(「本公司」)於 2025 年 4 月 16 日刊發之截 至 2024 年 12 月 31 日止年度之年報(「2024 年年報」)。除文義另有所指外, 本公告所使用的詞彙與 2024 年年報所界定者具有相同涵義。 除 2024 年年報內所披露的資料外,本公司謹此補充說明 2024 年年報綜合財務報 表附註 40(「附註 40」)內有關重大關聯方交易披露的進一步資料如下: 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責,對其準確性或 完整性亦不發表任何聲明,並明確表示,概不對因本公告全部或任何部份內容而產生或因倚賴該 等內容而引致的任何損失承擔任何責任。 香港,2025 年 7 月 9 日 - 1 - 於本公告日期,本公司之董事為: 執行董事: 萬敏先生、張峰先生及陶衛東先生 非執行董事: 董立均先生、顧金山先 ...
东方海外国际(00316) - 2024 - 年度财报

2025-04-16 12:20
Financial Performance - Revenue for 2024 reached $10,702 million, an increase of 28% compared to $8,344 million in 2023[11] - Operating profit surged to $2,625 million, reflecting an 87% increase from $1,406 million in the previous year[11] - OOCL achieved a net profit attributable to shareholders of $833 million for the six months ended June 30, 2024[46] - The company recorded a net profit attributable to shareholders of $2.577 billion for the fiscal year 2024, up from $1.368 billion in 2023, representing an increase of 88.5%[74] - The EBITDA for the company reached $3.536 billion in 2024, compared to $2.257 billion in 2023, reflecting a growth of 56.5%[74] - The group’s operating revenue for 2024 increased by $2.36 billion, or 28%, to $10.70 billion compared to 2023[155] - The container transportation and logistics segment generated an operating profit of $2.66 billion, an increase of 87% from $1.42 billion in 2023[155] - The group’s pre-tax profit increased by 89% to $2.61 billion in 2024, compared to $1.38 billion in 2023[155] - The group’s net profit for the year was $2.58 billion, an increase of 88% from $1.37 billion in 2023[155] Cash Flow and Liquidity - The company achieved a net cash flow from operating activities of $3,212 million, a significant increase of 420% compared to $617 million in 2023[11] - Cash and bank balances rose to $7,903 million, an 18% increase from $6,722 million in 2023[11] - The cash flow from investing activities improved by $7.152 billion, moving from a net outflow of $4.641 billion in 2023 to a net inflow of $2.512 billion in 2024[198] - Cash and cash equivalents increased from $1.129 billion at the end of 2023 to $5.651 billion at the end of 2024, representing a 400% increase[198] - The group has no debt capital, ensuring a strong liquidity position[199] - The cash flow from operations increased by $2.594 billion, attributed to rising freight costs[198] Fleet and Operations - The fleet structure was optimized with the introduction of two new eco-friendly vessels, OOCL Valencia and OOCL Abu Dhabi, each with a capacity of 24,188 TEU[14][18] - OOCL Finland and OOCL Sweden, two new eco-friendly container ships with a capacity of 24,188 TEU, have been launched, marking a significant milestone in the fleet upgrade with a total of ten such vessels received[36] - The company received six new container ships with a capacity of 24,188 TEUs and one ship with a capacity of 16,828 TEUs in 2024, enhancing its fleet capabilities[78] - The company signed a charter agreement with Seaspan to lease six new container ships with a capacity of 13,000 TEU, expected to be delivered between Q4 2026 and Q1 2028[56] - As of December 31, 2024, the fleet consisted of 126 vessels with a total capacity of 985,679 TEUs[92] Environmental Initiatives - The company was awarded the "Best Green Shipping Company" at the 2024 Asia Freight, Logistics and Supply Chain (AFLAS) Awards, recognizing its commitment to environmental excellence and sustainable development[39] - The company has partnered with IKEA and Kyocera to reduce supply chain carbon emissions by using cleaner fuels, including B24 biofuel made from recycled cooking oil[45] - The company has implemented a sustainable procurement strategy across all business areas and supply chain segments, ensuring compliance with safety, security, and environmental guidelines[122] - The company has been recognized in the S&P Global "Sustainability Yearbook (China Edition) 2024," ranking in the top 1% of companies for sustainability performance[41] - The company actively participates in global green initiatives and has received multiple awards for its environmental performance, including the Hong Kong Green Organization certification[126] Digital Innovation - OOCL's IQAX eBL system won the 2024 Outstanding Digital Solution Award at the 13th Finance Summit, highlighting its innovation and impact[43] - The company launched the FreightSmart e-commerce platform on WeChat, improving digital influence and providing seamless shipping experiences for customers[49] - The international supply chain management services product has been upgraded to provide visualization and real-time tracking, enhancing customer experience[102] - The eBL platform processes approximately 26,000 electronic bills of lading (eBL) monthly, totaling 398,915 eBLs handled to date, involving 6 shipping companies and 9 banks[110] - The AI technology has improved operational efficiency and revenue through dynamic pricing and space allocation, enhancing vessel space management[105] Market Trends and Challenges - The geopolitical landscape and evolving trade patterns are expected to pose significant challenges for supply chain management in the container shipping industry[73][81] - In 2024, the overall cargo volume of Orient Overseas Container Line increased by 3.5% compared to 2023, while total revenue rose by 30.2%[85] - The Pacific route saw a 10% increase in cargo volume and a 54% increase in revenue compared to 2023[88] - The Asia/Europe route experienced an 11% decrease in cargo volume but a 44% increase in revenue, with average revenue per standard container rising by 62%[90] - The Atlantic route's cargo volume decreased by 1%, with revenue and average revenue per standard container dropping by 27% and 26%, respectively[90] Employee and Governance - The group employed 11,223 full-time employees globally as of December 31, 2024, with a gender distribution of 54.8% female and 45.2% male[151] - The group is committed to maintaining a gender balance in its workforce, with women making up 37.5% of senior management[151] - The company has implemented a cybersecurity framework based on NIST standards to protect IT systems and customer data[144] - The company actively collaborates with authorities to ensure the highest standards of business and operational security[142]
东方海外国际(00316) - 2024 - 年度业绩

2025-03-13 12:50
Financial Performance - Revenue for the year ended December 31, 2024, increased to $10,701.943 million, up 28.3% from $8,343.857 million in 2023[3] - Operating profit rose to $2,624.844 million, a significant increase of 86.6% compared to $1,405.676 million in the previous year[3] - Net profit for the year reached $2,579.090 million, representing a 88.5% increase from $1,369.109 million in 2023[3] - Basic and diluted earnings per share increased to $3.90, up from $2.07 in 2023[3] - Total comprehensive income for the year ending December 31, 2024, was $2,575.565 million, compared to $1,351.485 million for the previous year[9] - The company reported a net profit of $2,579,090,000 for 2024, compared to $1,369,109,000 in 2023, which is an increase of approximately 88.5%[22] - The group recorded a profit attributable to shareholders of $2.577 billion for 2024, compared to $1.368 billion in 2023, representing an increase of approximately 88.5%[48] Assets and Liabilities - Total assets as of December 31, 2024, amounted to $17,768.383 million, an increase of 13.8% from $15,609.185 million in 2023[6] - The total liabilities for the group as of December 31, 2024, were $4,518,886,000, compared to $4,398,822,000 in 2023, showing a slight increase of approximately 2.7%[26] - The company’s total liabilities and equity as of December 31, 2024, were $13,249.497 million, reflecting its financial position[9] - Non-current assets increased to $1,911,671,000 in 2024 from $1,156,096,000 in 2023, representing a growth of about 65.3%[30] Cash Flow and Dividends - Cash generated from operating activities surged to $3,289.661 million, compared to $714.711 million in 2023[7] - The company reported a net cash increase of $4,526.740 million for the year, contrasting with a decrease of $8,318.437 million in 2023[7] - The company declared a total of $416.035 million in interim dividends for the year 2024, alongside other special dividends[9] - The total proposed dividends for 2024 amount to $1,287,728 thousand, compared to $687,449 thousand in 2023, showing a substantial increase in shareholder returns[36] - The proposed final dividend per share for 2024 is $1.32, up from $0.145 in 2023, indicating a significant increase[37] Operational Highlights - Container transportation and logistics segment generated $10,678.645 million in revenue, up from $8,319.049 million in the previous year, reflecting a significant growth[21] - For the fiscal year ending December 31, 2024, customer contract revenue reached $10,514,679,000, an increase from $8,220,487,000 in the previous year, representing a growth of approximately 28%[22] - Total operating income for 2024 was $11,099,164,000, compared to $8,843,819,000 in 2023, indicating a year-over-year increase of about 25.5%[22] - The company’s revenue from other segments was $23.298 million in 2024, slightly down from $24.808 million in 2023[21] Shareholder Equity - Total equity increased to $13,249.497 million, up from $11,210.363 million in 2023, reflecting a growth of 18.2%[6] - Shareholders' equity as of December 31, 2024, was $13,249.497 million, a decrease from $13,438.898 million at the beginning of 2023[9] Corporate Governance and Compliance - The company has adopted a customized corporate governance code, ensuring compliance with local and international best practices[66] - The company has confirmed compliance with the corporate governance code and the standard code for directors' securities transactions for the year ending December 31, 2024[68] - The annual general meeting is scheduled for May 15, 2025, with a record date of May 15, 2025, for shareholders to attend and vote[70] Future Outlook and Strategic Initiatives - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[3] - The geopolitical situation and trade patterns are expected to increase supply chain management challenges, adding uncertainty to demand[55] - The company anticipates that the shipping industry will face more severe challenges in the future due to evolving geopolitical situations and trade patterns[55] - The group aims to strengthen digital supply chain capabilities and enhance value-added services to maintain market competitiveness[53] Employee and Operational Capacity - The group employed a total of 11,223 full-time employees globally as of December 31, 2024, with competitive compensation and benefits[61] - The group received six new container ships with a capacity of 24,188 TEUs and one ship with a capacity of 16,828 TEUs in 2024, enhancing fleet capacity[52] - The company signed leases for six new container ships with a capacity of 13,000 TEUs, set to be operational starting in 2026, enhancing operational flexibility[52] Miscellaneous - The company did not purchase, sell, or redeem any of its shares during the year ending December 31, 2024[62] - The company will publish its annual report around April 17, 2025, which will be available on the stock exchange and the company’s website[71] - Forward-looking statements included in the announcement are based on current plans and estimates, with potential risks and uncertainties highlighted[74]
东方海外国际(00316) - 2024 - 中期财报

2024-09-19 08:57
Financial Performance - The company reported a net profit attributable to shareholders of $833 million for the first half of 2024, down from $1.129 billion in the same period of 2023[4]. - EBITDA for the first half of 2024 was $1.277 billion, compared to $1.569 billion in 2023, with an EBITDA margin of 27.5%, down from 34.6% in the previous year[4]. - The earnings per share for ordinary shares was $1.26, compared to $1.71 in the first half of 2023[4]. - Revenue for the six months ended June 30, 2024, was $4,645,576 thousand, an increase of 2.3% compared to $4,540,681 thousand in 2023[49]. - Operating profit decreased to $834,915 thousand, down 26.4% from $1,134,299 thousand in the previous year[49]. - Net profit for the period was $834,055 thousand, a decline of 26.2% compared to $1,129,397 thousand in 2023[49]. - Total comprehensive income for the period was $832,639 thousand, compared to $1,110,293 thousand in 2023, reflecting a decrease of 25.1%[52]. - The company reported a total comprehensive income of $832.088 million for the six months ended June 30, 2024, compared to $1,109.569 million for the same period in 2023, indicating a decrease of about 25%[57]. Dividends - The company declared an interim dividend of $0.63 per ordinary share, down from $0.69 per ordinary share and a special dividend of $0.17 per ordinary share in 2023[4]. - The company announced an interim dividend of $0.63 per share, equivalent to 4.914 HKD, for the six months ending June 30, 2024[26]. - The total dividends paid to shareholders during the first half of 2024 were $119.528 million, a significant decrease from $3,011.302 million in the same period of 2023[55]. Shipping and Logistics - The company experienced a significant increase in shipping rates due to strong demand and tight capacity, affecting various shipping routes[5]. - In the first half of 2024, the total cargo volume for OOCL increased by 2%, with total revenue rising by 2% year-on-year[11]. - The Pacific route saw a 5% increase in total cargo volume and a 28% increase in revenue compared to the same period last year, with revenue per TEU rising by 22%[12]. - The Asia-Europe route experienced a 13% decrease in total cargo volume, but revenue increased by 8%, leading to a 24% rise in revenue per TEU[13]. - The Atlantic route's cargo volume decreased by 3%, with revenue and revenue per TEU dropping by 44% and 42% respectively[14]. - The intra-Asia/Australasia route's cargo volume increased by 9%, but overall revenue and revenue per TEU decreased by 8% and 15% respectively[15]. - OOCL's logistics segment saw steady revenue growth due to increased demand for international logistics services and market expansion[17]. Sustainability and ESG - The company is committed to sustainable development and has been recognized for its efforts in ESG, including winning the "Best Green Shipping Company" award[6]. - Orient Overseas International has been recognized for its continuous efforts in environmental protection, achieving the highest level of the Green Flag program and reducing emissions through slow steaming initiatives[25]. - The company participates in initiatives like the "Protect Blue Whales and Blue Skies Program" to reduce air pollution and protect marine wildlife[25]. - The group is committed to environmental, social, and governance (ESG) principles, supporting the United Nations Sustainable Development Goals and participating in initiatives to eliminate corruption in the shipping industry[23]. - The group publishes an annual sustainability report, verified by an independent certification body, to ensure compliance with international sustainability guidelines[24]. - Orient Overseas International has been included in the Dow Jones Sustainability Index, reflecting its commitment to ESG and sustainable development[25]. Financial Position - As of June 30, 2024, the group reported total cash and bank balances of $6.7 billion, with total debt amounting to $1.3 billion, resulting in a net cash position of $5.4 billion[20]. - Total assets increased to $16,157.889 million as of June 30, 2024, compared to $15,609.185 million as of December 31, 2023, reflecting a growth of approximately 3.5%[53]. - Total equity rose to $11,923.488 million as of June 30, 2024, compared to $11,210.363 million at the end of 2023, marking an increase of approximately 6.4%[54]. - The company's inventory decreased slightly to $195.052 million as of June 30, 2024, from $197.186 million at the end of 2023, a decline of about 1.1%[53]. - The company’s total liabilities decreased to $4,234.401 million as of June 30, 2024, from $4,398.822 million at the end of 2023, reflecting a decrease of approximately 3.7%[54]. - Non-current liabilities decreased to $1,895.938 million as of June 30, 2024, from $2,026.833 million at the end of 2023, a reduction of about 6.4%[54]. Operational Developments - The company received five new vessels with a capacity of 24,188 TEUs in the first half of 2024, with the last of a series of ten vessels expected to be delivered in Q3 2024[18]. - The group employs 11,444 full-time employees globally, with competitive compensation and benefits, including medical insurance and retirement plans[22]. - The group has implemented cybersecurity training and monitoring systems to enhance employee awareness and protect its assets from cyber threats[23]. - The group continues to focus on digitalization and visibility in logistics to enhance supply chain resilience and meet customer needs[17]. Market Conditions and Risks - Future market uncertainties will be influenced by demand trends, economic conditions, and geopolitical risks, particularly in relation to the Red Sea situation[6]. - The group has a robust foreign exchange risk management strategy due to its global operations, involving multiple currencies against the US dollar[21]. - The group is currently evaluating the impact of new accounting standards that will become effective in the future on its accounting policies and consolidated financial statements[61]. Shareholder Information - As of June 30, 2024, the company has a total issued share capital of 660,373,297 ordinary shares[28]. - Major shareholder Faulkner Global Holdings Limited holds 71.07% of the company's shares, totaling 469,344,972 shares[32]. - As of June 30, 2024, there are no reported interests or short positions held by directors or senior management in the company's shares[28].
东方海外国际(00316) - 2024 - 中期业绩

2024-08-22 09:39
Financial Performance - For the six months ended June 30, 2024, the company reported revenue of $4,645.576 million, an increase from $4,540.681 million in the same period of 2023, representing a growth of approximately 2.3%[3] - The gross profit for the period was $914.254 million, compared to $902.802 million in 2023, indicating a slight increase of about 1.6%[3] - The operating profit decreased significantly to $834.915 million from $1,134.299 million, reflecting a decline of approximately 26.4% year-over-year[3] - The net profit for the period was $834.055 million, down from $1,129.397 million in the previous year, marking a decrease of around 26.2%[4] - Basic and diluted earnings per share were $1.26, compared to $1.71 in the same period last year, a decline of approximately 26.3%[3] - The company reported a total comprehensive income of $832,639 for the six months ended June 30, 2024, compared to a loss of $1,110,293 in the same period of 2023[7] - The group’s net profit for the first half of 2024 was $857,634 thousand, a decrease from $1,130,768 thousand in the same period of 2023, representing a decline of 24.1%[23][24] - The group recorded a shareholder profit of $833.3 million for the first half of 2024, down from $1.129 billion in the same period of 2023, representing a decrease of approximately 26.3%[54] Assets and Liabilities - Total assets as of June 30, 2024, were $16,157.889 million, an increase from $15,609.185 million at the end of 2023, representing a growth of about 3.5%[5] - The company's total equity increased to $11,923.488 million from $11,210.363 million, reflecting an increase of approximately 6.4%[5] - Non-current assets rose to $8,420.987 million from $7,918.845 million, indicating an increase of about 6.3%[5] - The company reported a total liability of $4,234.401 million, a decrease from $4,398.822 million, representing a reduction of approximately 3.7%[5] - The total assets of the company as of June 30, 2024, amounted to $8,220.072 million, compared to $7,533.629 million as of June 30, 2023, representing an increase of approximately 9.2%[36] - The company’s total liabilities decreased to $3,366.439 million as of June 30, 2024, from $3,471.328 million at the end of 2023, showing a reduction of about 3.0%[41] - As of June 30, 2024, the total lease liabilities amount to $1,307.396 million, a decrease from $1,438.238 million as of December 31, 2023, reflecting a reduction of approximately 9.1%[42] Cash Flow and Financing - Operating cash flow for the six months ended June 30, 2024, was $1,001,597, compared to $609,152 for the same period in 2023, representing a 64.3% increase[6] - Net cash generated from operating activities was $958,727 for the first half of 2024, up from $548,319 in 2023, indicating a 74.5% growth[6] - Cash and cash equivalents at the end of the period were $2,648,979, a decrease from $3,726,456 in the previous year, reflecting a 29% decline[6] - Cash used in financing activities was $(480,925) for the first half of 2024, significantly improved from $(3,465,017) in 2023[6] - The company received interest income of $193,300 in the first half of 2024, down from $286,308 in the same period of 2023, a decrease of 32.5%[6] - The company paid dividends of $(119,528) to shareholders during the first half of 2024, compared to $(3,011,302) in the same period of 2023, indicating a significant reduction in dividend payouts[6] Operational Highlights - The company is focusing on expanding its market presence and enhancing its operational efficiency through strategic initiatives and potential acquisitions[2] - The company completed the construction and delivery of five vessels in 2024, compared to two vessels in 2023, indicating an expansion in operational capacity[36] - The company’s vessels are currently sailing at full capacity on major long-haul routes, with expectations to maintain this status in the coming weeks[58] - The company plans to continue developing its fleet and exploring new business growth points using advanced smart and environmentally friendly technologies[58] Market and Economic Conditions - The company anticipates that high inflation and interest rates will adversely affect U.S. economic growth and demand/imports in the near term[42] - The group faced supply chain challenges due to geopolitical tensions and adverse weather conditions, impacting operational capacity and leading to increased shipping rates[54] - The company is maintaining a cautious approach due to market uncertainties, including geopolitical risks and supply chain vulnerabilities highlighted by recent events[58] Governance and Compliance - The company has adhered to corporate governance principles and has conducted regular reviews to ensure transparency and accountability[62] - The company has adopted a set of self-regulatory guidelines for directors' securities trading, ensuring compliance with the standards set forth in the Listing Rules[64] - The board of directors includes both executive and independent non-executive members, ensuring a diverse governance structure[67] - The company has confirmed that all directors have complied with the established guidelines from January 1, 2024, to June 30, 2024[64] Employee and Social Responsibility - As of June 30, 2024, the company employed 11,444 full-time employees globally, maintaining competitive salary and benefits levels[66] - The company emphasizes ongoing employee training and social activities to encourage continuous learning and engagement among staff[66] - The company is committed to regularly reviewing employee compensation and distributing bonuses based on performance[66]
Orient Overseas International (OROVY) is on the Move, Here's Why the Trend Could be Sustainable
ZACKS· 2024-06-10 13:50
While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy. Orient Overseas International Ltd. (OROVY) is one of the several suitable candidates that passed through the screen. Here are the key reasons why it could be a profitable bet for "trend" investors. Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Bu ...
Recent Price Trend in Orient Overseas International (OROVY) is Your Friend, Here's Why
zacks.com· 2024-05-24 13:51
While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy. Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, ...