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《大行報告》美銀證券:中遠海控(01919.HK)估值已反映大量不確定性 維持「買入」看19.25元
阿思達克 10-11 15:41
美銀證券發表研究報告,指中遠海控(01919.HK)現價相當於明年預測市賬率約0.8倍,低於歷史低位,維持「買入」評級,目標價19.25元。內地持續「電荒」帶來風險,但該行稱,現估值已反映風險及大量不確定性有餘,大部分渠道調查反映航運商現在未擬降價。中遠海控第三季盈利預告(料按季升41%至305億元人民幣),料將推動市場向上修訂下半年預測,即使第三季表現料僅符該行預期,因第三季在物流樽頸下,航運量按年及按季轉弱。 報告稱,核心不確定性在於國慶長假後需求。該行調查顯示大部分航運商及航運代理持續指貨運預訂及運費企穩,但報告指不能排除即使在政府努力回應下,由於內地第四季「電荒」帶來出口干擾,將致需求進一步下行。
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