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《大行報告》瑞信下調中遠海控(01919.HK)目標價至12元 評級「中性」
瑞信發表研究報告指出,中遠海控(01919.HK)上半年純利647億元人民幣創新高,公司意外宣派中期息每股2.01元人民幣,均符合預期。不過,儘管於旺季,航運市場需求持續疲弱,引發市場對未來航運需求的憂慮,或會拖累股價表現。 該行認為,中遠海控估值不高,續看好其強勁的資產負債表,但預期經過傳統旺季後,踏入第四季的運費疲弱,加劇宏觀不確定。該行料公司下半年的平均運費將由原預期的按年跌14%,收窄至跌6%,全年平均運費由原預期的按年增長20%,上調至升26%,惟2023及2024年則料跌42%及26%。另對其2022至2024財年的每股盈利預測下調2%至18%,目標價由14.8元下調至12元,維持「中性」評級。
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