《大行报告》摩通上调东方海外(00316.HK)目标价至200元 重申中远海控(01919.HK)「增持」评级
摩根大通发表研究报告指,即使近期有运费见顶及监管干预的忧虑,全球航运业续面对前所未见的供需关系。由於市场条件,航运商定价能力显着改善。该行上调今明两年行业需求增长预测,由按年升5%及3.3%,上调至分别升6%及3.9%。以上海出口集装箱运价指数(SCFI)计,运费自3月底至今累升约35%,在苏伊士运河堵塞事件後连升八周,值得注意,全球许多航运商向美国联邦海事委员会(FMC)建议费率上调,大部分要求6月1日旺季起每个40尺标准货柜(FEU)加价1,000美元。
在美国进口强劲提振终端需求下,由於供应紧张,该行料运费有进一步上升空间,更重要的是,该行所覆盖三家亚洲航运商的盈利能力及现金流展望均强劲,即中远海控(01919.HK)、长荣海运及东方海外国际(00316.HK)。摩通重申中远海控H股「增持」评级,目标价24元;并上调东方海外盈测,目标价由183元升至200元,评级「增持」。
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