Morgan Stanley issued a report stating that Red Sea Airlines blocked and delayed the arrival of the shipping downward cycle, and supply-side risks were accumulating, but they were absorbed in the short term by shipping diversions and strong demand. The bank raised its profit forecast for OOCL this year and next by 36% and 32%, and raised COSCO Haikong's profit forecast for the same period by 98% and 61%.

The bank also raised its profit forecast for Haifeng International this year and next by 26% and 5%, but lowered its 2026 profit forecast by 3%. The bank significantly raised the target prices of the above three shipping stocks. Haifeng InternationalonlineblackjackTarget price from 14onlineblackjack.6 HKD increased to 18onlineblackjack.2 Hong Kong dollars, COSCO HaikongonlineblackjackThe target price of OOCL was raised from HK$6.5 to HK$13.2, and OOCL's target price was raised from HK$75 to HK$114, reflecting the upward revision of this year's earnings forecast and the possibility of a relatively balanced bull and bear markets.

The bank estimates that for every 5% increase in shipping freight rates, the profit forecast will be raised by 20% to 25%. Among them, COSCO Haikong has a higher revenue risk exposure to spot shipping freight rates.