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《大行報告》匯豐研究上調海豐國際(01308.HK)目標價至45元 評級「買入」
阿思達克 05-31 10:12
匯豐研究發表報告,指海豐國際(01308.HK)新訂購8艘新船,並有協議可再增購2艘,目前訂單中共涉35艘,料至2023年將全部交付,相等於目前運力的48%,相信公司可增加其泛亞航線的市佔率,以應對持續運力短缺。因應至2023年公司船隊有17%已超過20年,計入調整如處置等因素後,料公司在2020至23年可增運力39%,並支持貨量有35%增長,相等於年複合增長率各自達11%。

該行指,近期鹽田擁堵情況嚴重,令其一度暫停出口集裝箱,情況有助公司業務,因區內對較小的船隻會有更頻繁的在直接運貨需求,可以鞏固海豐國際的業務模式。

該行升海豐國際2021至23年盈測6%至19%,以反映更高的均價和貨量增長,目標價由40元升至45元,重申「買入」評級。

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