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《大行報告》美銀證券下調太平洋航運(02343.HK)目標價至1.4元 評級「買入」
阿思達克 04-08 10:14
美銀證券發表研報指,太平洋航運(02343.HK)首季估計基本虧損與預期一致,但管理層警告,歐美地區疫情蔓延,第二季將更具挑戰性。

期內因燃油價差和套期保值,超靈便型乾散貨船利潤超出美銀預期,而小靈便型乾散貨船則由於收費表現遜預期,僅實現收支平衡。美銀引述管理層表示,疫情導致建築業和煤炭業需求將疲軟,對第二季收入造成負面影響,惟農產品將不受影響。

該行將太平洋航運2020至2021年淨利潤預測平均下調2,000萬美元,以反映小靈便型乾散貨船運費表現下跌,部分有被約1,500萬美元的硫淨化器收益所抵消。美銀將目標價下調至1.4元(原本1.6元),但認為現價水平已為平均低位,資產負債表比之前更健康,剩餘流動資金達3.83億美元,重申「買入」評級。

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