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.

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