大和:料航運運費高企至2023年底 行業首選海豐國際
大和發表報吿,航運及物流從9月底起回調,因受運費潛在下滑影響,但認為市場對上述因素過份擔心,估計運費和租船費會維持高企至2023年底,因供應鏈仍受阻及船舶交付量續低企。大和解釋,港口堵塞問題難以即時解決,尤其東南亞地區計劃通關,變相未來或更有機會再度實施封鎖,加上船公司需要時間擴大運力,因此現可趁航運及物流股弱勢下,買入相關股份。
該行建議行業首選為海豐國際(1308.HK),因自去年第四季起運費持續提升,同時有機會派特別股息,重申“買入”,目標價46.5港元不變。另外,大和首予太平洋航運(2343.HK)“買入”評級,目標價4.5港元,該行也升嘉裏物流(0636.HK)及中遠海運港口(1199.HK)目標價從21港元升8.7%,提高至25港元和9港元,評級為“跑贏大市”及“買入”,但同時降招商局港口(0144.HK)目標價由17港元,下調到16港元,評級維持“買入”。
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