《大行报告》汇丰研究上调中远海控(01919.HK)目标价至26元 评级「买入」
汇丰研究发表报告,指中远海控(01919.HK)需求可视性进一步扩至第三季,当中不单是美国的补货潮,更多是来自客户需求增长。全美零售商联合会(NRF)最新提升美国第二季货柜进口增长,由36%升至39%,而第三季增长亦由6.2%升至7.5%。NRF对美国今年零售增长预期,由6.5%升至10.5至13.5%水平。目前美国的库存销售比正处於30年新低,以及供应链持续受阻,意味商户不单需要提升库存至比平常更高水平,并需补充更多货品,以防假期延误或缺货的情况。
该行指,深圳盐田港西区早前因应疫情而关闭,虽然港口已於本月10日重开,但目前仍受员工短缺影响,部份货船暂停泊岸,造成货柜延期运送至欧洲与美国,料影响将在即将来临的旺季持续。
该行表示,因应运费提升,调升今年公司经常性盈利预测15%,料运费将於明年回复正常水平,目标价由24元升至26元,评级维持「买入」,认为运费可持续受惠供应短缺的影响,支持该行对集团的盈利展望及料其他券商亦会将其盈测调升。
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