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富瑞:維持東方海外國際(0316.HK)買入評級 目標價110港元
格隆匯 01-22 13:29

富瑞發表研究報吿認為,東方海外國際(0316.HK)配股集資是積極解決股份流動性低的第一步,令實際自由流通量由僅1.6%增至3.3%;而集裝箱運輸仍處於最佳狀態,其費率仍創歷史新高,故維持公司買入評級,目標價為110港元。

富瑞指,公司計劃以先舊後新方式配售1140萬股股份,每股配售價為81.8港元,淨籌約9.3億港元。公司主要股東未有改變,但其股權被攤薄,相信是管理層解決流動性過低的積極一步,令公眾流通量由1000萬股增至2100萬股。不過,該行認為,這隻能部分消除流通量過低的問題,因為新股僅相當於現有自由流通量的1.8%,而公眾實際自由流通量亦只提高到3.3%。

該行又指,由於運輸量大增及港口擁擠和裝箱設備短缺等問題加劇,令集裝箱營運商具有定價能力,估計今年集裝箱運輸收入可創紀錄,其費率亦料會保持歷史高位。

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