Changes in Hong Kong stocks | Dongfang Overseas International (00316) rose more than 3%, and the third quarter operation update is positive. Continued port congestion can offset the impact of new ships that are about to be delivered

The Zhitong Finance App learned that Dongfang Overseas International (00316) rose more than 3%. As of press release, it had risen 3.07% to HK$164.6, with a turnover of HK$217 million.

According to the news, Xiaomo released a research report saying that Dongfang Overseas International's third quarter operating data update had a positive impact. The bank believes that the current port congestion continues, which can offset the impact of the upcoming delivery of new ships, help maintain pricing capacity, and maintain a positive view of shipping ecology.

Xiaomo pointed out that the average revenue per TEU in the third quarter increased by 33.1% year-on-year and 30% quarterly to US$1,547, and shipment volume increased 9% year-on-year to 2.12 million TEU, which remained roughly flat from quarter to quarter. Total liner revenue reached US$3.285 billion, up 45.1% year-on-year and 29.5% quarterly. The loadable capacity increased by only 3.6% year-on-year, and the loading rate improved by 4.2 percentage points, reflecting tight effective capacity and prudent capacity deployment. Revenue from trans-Pacific routes surged 71.8% year-on-year, and now accounts for about 44% of liner revenue.