《大行报告》瑞信:中远海控(01919.HK)去年纯利略优预期 料今年高运费持续
瑞信发表研究报告指,中远海控(01919.HK)日前发布2021财年盈喜,预期全年净利润增长至约893亿元人民币,略高於市场预测,符合该行预期,主要来自运费及付运量增长,惟第四季出货量按季下跌2.1%,或是由於港口拥堵及有效运力下降所致。
展望未来。瑞信预计2022年运费将持续上涨,指出新增供应有限,加上长期合约带来收入,航运需求强劲,以及去年基数较低。瑞信指,除供应链挑战外,各地对船员的检疫要求及零星封锁措施将继续阻碍航运力,预期2022年供应量将按年增长4%,需求则增长5%,另外行业高度整合对运费亦有支持。
瑞信维持对中远海控的「跑赢大市」评级,看好公司作为全球市场领导者,凭藉横跨主要贸易航线的大型船队可捉紧运费上升趋势,予目标价21元。
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