＜Research＞M Stanley: OOIL (00316.HK) Shr Price Has 70-80% Chance to Fall in Next 60 Days

AASTOCKS

2024-07-16 10:36

OOIL (00316.HK)'s share price has a 70-80% probability of falling in the next 60 days, Morgan Stanley issued a report saying. Morgan Stanle...

　　OOIL (00316.HK) -6.700 (-5.857%) Short selling $32.34M; Ratio 27.600% 's share price has a 70-80% probability of falling in the next 60 days, Morgan Stanley issued a report saying.

　　Morgan Stanley believed that there is limited upside room for OOIL's interim results to boost its share price. Risks include a peaking container shipping market sentiment and the possibility of an adjustment in spot freight rates.

　　Therefore, Morgan Stanley rated OOIL at Underweight, with a target price of $89.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-15 16:25.)

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