交銀國際:下調中遠海控(1919.HK)目標價至9.24港元 評級“中性”
交銀國際發表報吿表示,仍對中遠海控(1919.HK)今年的盈利表現保持樂觀,因運費的提高和貨運量的穩步增長,但當前股價已反映首季度盈利前景,由於缺乏短期催化劑,故將H股評級由“買入”下調至“中性”,目標價亦由13.48港元下調至9.24港元。該行將密切關注正在進行的跨太平洋合同談判和運費走勢。
報吿指,截至今年1月29日,上海集裝箱運價指數(SCFI)環比微跌0.3%。基於市場上沒有閒置運力,認為2月中旬之前,集裝箱運價將保持穩定,但由於中國政府已經向集裝箱班輪公司施壓以限制價格,因此運價很難實現大幅度的上漲。中遠海控管理層表示,集團在短期內沒有任何提高運費或附加費的計劃。
報吿又指,隨着承運人積極將空箱運回中國,預計第二季度集裝箱短缺情況將有很大緩解,供給壓力減輕後,運費將回到合理水平。

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