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中金:海豐國際(1308.HK)上半年利潤超預期,維持跑贏行業評級
格隆匯 06-21 16:49

中金研報指,海豐國際(1308.HK)近日發佈預喜,預計2021年上半年淨利潤為4.4-4.8億美元,同比增長320-360億美元,增幅為250-300%,超出該行和市場預期。根據公司公吿,淨利潤強勁增長主要由於集裝箱運輸和物流服務需求增加,以及整體運營效率提高,成本控制良好。

由於運價和利潤率均超預期,該行上調其2021-22年盈測40%/4%至8.31/7.5億美元。維持目標價37.7港元(18倍2022年市盈率),對應中期目標市值1000億港元,較當前股價有35%的上行空間,維持“跑贏行業”評級。按照70%的分紅比例,預計2021-22年股息收益率仍可達到6.1%和5.5%,當前股價交易於13倍2022年市盈率。

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