中金:上調中遠海控(1919.HK)目標價 三季度盈利有望超預期
中金髮表研究報告指,中遠海控(1919.HK)上海出口貨櫃運價指數(SCFI)美線運價連創新高,公司第三季度盈利有望超預期,需求超預期下,關注9月中黃金週前的漲價窗口,上調中遠海控A股目標價12%至6.96元人民幣,H股目標價上調7%至5.38港元。
中金表示,閒置運力已快速回歸市場,美線甚至出現了加班船,運價在這一期間連創新高,預計公司第三季度盈利約25億元-30億元人民幣,而旺季過後的運價水平有望超預期,為明年的長協合同價談判奠定基礎。
中金續指,中遠海控盈利彈性大,國際航線平均運價每上漲1%,料增加公司2020年盈利約13億元人民幣,上調2020年盈利預測34%至45.2億元人民幣,2021年上調62%至56.9億元人民幣。
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