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交銀國際:上調嘉裏物流(0636.HK)目標價至12港元 評級“中性”
格隆匯 07-21 17:02

交銀國際將嘉裏物流(0636.HK)目標價由11.45港元上調至12港元,維持其“中性”評級。

交銀國際發表報告稱,嘉裏物流昨日舉行電話會議,公司預計上半年核心淨利潤將有雙位數增長,這主要得益於國際貨代業務方面的毛利率顯著增長。交銀國際預計貨運運費的上升以及亞歐和跨太平洋航線在業務旺季期間的需求量復甦,這將帶動國際貨代業務的毛利率在第三季度持續改善。公司認為由於內需穩定,上半年香港、中國台灣等地區及泰國等東南亞國家的物流營運呈穩健態勢,但國內市場的盈利貢獻在同期仍有所下降,主要是消費及製造業活動較去年同期呈現下行態勢。

交銀國際認為該公司全年盈利將獲得穩定增長,但是由於今年下半年至明年年初的貿易量恢復緩慢,可能會使公司的盈利增長承壓。

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