- Orient Overseas reported a revenue of $4.65 billion for the first half of 2024.
- Net income for the same period was $833.3 million.
- An interim dividend of 63 cents per share was declared.
- Analysts have given 4 buy ratings for the company’s stock.
- There are 2 hold ratings for the stock.
- Only 1 sell rating has been issued for the stock.
Orient Overseas International on Smartkarma
Analyst coverage of Orient Overseas International on Smartkarma highlights positive signs of recovery. Osbert Tang, CFA, in a research report titled “Orient Overseas Intl (316 HK): Spotting Initial Signs of Recovery,” points out a QoQ freight rate uptick of 27.2% in 1Q24. Additionally, the load factor improved by 0.9pp YoY. Tang emphasizes that despite a 12% YoY decline, the freight rate increase is a promising start for the company. With 62.4% of the stock price in net cash, Orient Overseas International‘s 0.7x P/B ratio and 7.5% ROE indicate a favorable valuation.
A look at Orient Overseas International Smart Scores
Factor | Score | Magnitude |
---|---|---|
Value | 3 | |
Dividend | 4 | |
Growth | 2 | |
Resilience | 5 | |
Momentum | 4 | |
OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts using the Smartkarma Smart Scores have evaluated Orient Overseas International‘s long-term outlook across multiple key factors. With a strong score of 4 in Dividend and Resilience, the company shows promise in terms of distributing returns to shareholders and navigating economic downturns effectively. Additionally, its Momentum score of 4 indicates positive market sentiment and potential for growth in the future. Despite a lower score in Growth at 2, Orient Overseas International‘s diverse business portfolio, including owning ships, operating terminals, and providing freight services, positions it well for stability in the industry.
Orient Overseas International, a company involved in various sectors such as shipping, freight forwarding, and property development, demonstrates a balanced profile with strengths in dividends and resilience. While growth opportunities may be an area for improvement based on the scores, the company’s strategic investments and robust operations suggest a favorable long-term outlook. Investors may find Orient Overseas International an attractive option for its solid performance across different metrics, hinting at potential value and consistent returns in the foreseeable future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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