Zhi Tong Cai Jing·2026-01-12 07:29Group 1 - Morgan Stanley reported that Orient Overseas International (00316) experienced a 17.2% year-on-year decline in revenue for Q4, and an 8.1% quarter-on-quarter decline, aligning with the bank's expectations, representing 99% of the annual forecast [1] - The revenue continues to reflect downward pressure on shipping rates, despite seasonal demand before the Lunar New Year [1] - The bank anticipates that the industry's downturn cycle will persist until 2026 [1] Group 2 - Morgan Stanley projects Orient Overseas' earnings per share for 2025, 2026, and 2027 to be $2.06, $1.23, and $0.94 respectively [1] - Revenue forecasts for the same years are $9.721 billion, $9.567 billion, and $9.869 billion [1] - Morgan Stanley maintains a "reduce" rating for Orient Overseas with a target price of HKD 97 [1]