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《大行報告》大摩上調太平洋航運(02343.HK)目標價至6.65元 評級「增持」
阿思達克 10-18 14:01
摩根士丹利發表報告指,太平洋航運(02343.HK)公佈第三季經營更新後舉行了路演,管理層對今年第四季及明年需求看法正面,認爲短期推動需求的因素包括美國的穀物出口回升;中國和印度增加煤炭進口;及美國對建築材料的需求增加。 管理層提到,在很多國家的經濟增長和刺激措施支持下,對明年的整體前景樂觀,並預料供應會進一步收緊,令乾散貨船運的長期前景正面。 大摩上調太平洋航運股份目標價,由5.68元升至6.65元,評級維持「增持」,並調升集團今明兩年持續盈利預測各34%,2023年則升31%,以反映費率在第三季表現勝預期及第四季預訂費率強勁。 報告稱,太航自9月下旬以來股價回落約18%,同期恆指升5%,料市場氣氛轉弱源於內地「電荒」對航運股帶來憂慮。該行料未來最少12至18個月乾散貨運上行週期持續,源於全球資本開支週期,供給側趨理性,以及新訂單風險相對較低等。
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