《大行報告》匯豐研究:太航(02343.HK)受惠乾散貨運明年強勁展望 股息率吸引
匯豐研究發表報告指,乾散貨運經歷過去兩年沉寂後,今年反彈,今年後需求增長料放緩,惟該行引述泰國Precious Shipping董事總經理Khalid Hashim稱,疫情後刺激措施及經濟重啟料在未來數年持續推高需求,特別是穀物及其他小散貨。此外,供應正結構性放緩。他進一步解釋,在新建及二手散貨船價格上升後,即使最佳買船時間或已過去,那些貨船的回報仍很健康,現在肯定不是出售散貨船的時機。最近部分貨船受限於港口擠塞及隔離措施,特別是中國內地,進一步限制供應增長,亦推高亞洲市場運費。上周波羅的海乾散貨指數(BDI)升至十一年高,即使未來需求放緩,但明年板塊利潤有望較今年進一步增強。
報告表示,在乾散貨運覆蓋中,太平洋航運(02343.HK)屬純小乾散貨運輸商,現估值相當於今年預測市賬率1.6倍,提供股息率約12%至13%屬吸引,維持2021至2023年預測不變,目標價5元,評級「買入」。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.