《大行報告》美銀證券:太平洋航運(02343.HK)派息或有驚喜
美銀證券發表研究報告指出,太平洋航運(02343.HK)管理層承認公司乾散貨運費或於2021年季節性見頂,中國宏觀形勢正在壓抑市場情緒,受2022財年首季農曆新年及北京冬季奧運會可能延長停工時間,以及颱風等季節性因素影響,惟在美國糧食出口延遲、寒冷的冬季支持煤炭流動需求及一些被壓抑的化肥流動需求下,相信費率應該會得到一些支持。
該行又指,太平洋航運對2022財年的基本面仍然充滿信心,認爲明年運費將得到支持,公司目前股息政策派息率至少50%,但愈來愈多跡象表明或會作出上調,監於綠色航運政策下,公司船舶銷售量或超過購買量,以及在2020年代中期之前無意新造船隻,該行預計股東回報有潛在提升空間,與回購相比,公司應會優先考慮上調派息比率。目標價6.3元。
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