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《大行报告》汇丰研究上调海丰国际(01308.HK)目标价至45元 评级「买入」
阿思达克 05-31 10:12
汇丰研究发表报告,指海丰国际(01308.HK)新订购8艘新船,并有协议可再增购2艘,目前订单中共涉35艘,料至2023年将全部交付,相等於目前运力的48%,相信公司可增加其泛亚航线的市占率,以应对持续运力短缺。因应至2023年公司船队有17%已超过20年,计入调整如处置等因素後,料公司在2020至23年可增运力39%,并支持货量有35%增长,相等於年复合增长率各自达11%。

该行指,近期盐田拥堵情况严重,令其一度暂停出口集装箱,情况有助公司业务,因区内对较小的船只会有更频繁的在直接运货需求,可以巩固海丰国际的业务模式。

该行升海丰国际2021至23年盈测6%至19%,以反映更高的均价和货量增长,目标价由40元升至45元,重申「买入」评级。

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