《大行報告》摩通降太航(02343.HK)目標價至3.6元 評級「增持」
摩根大通發表報告,指對今年乾散貨航運市場供求展望作仔細分析後,更新對太航(02343.HK)的模型。由於環保監管收緊導致行業造船訂單疲弱,供給側主要利好因素仍存在。需求端方面,中國早於預期撤出動態清零政策,放寬對房地產市場監管,加上潛在撤銷對自澳洲進口煤炭禁令,在需求展望不明確的情況下帶來一些緩衝。
該股自去年8月以來累跌約35%,跑輸同期恆指累升4%,受累中國旺季需求疲弱,該行料主要負面因素已被市場反映,料最快今年次季迎來需求復甦。該行將預測期延至今年底,並修訂估算,目標價由6.2元降至3.6元,相當於預測市賬率1倍,屆疫情前週期的中段,評級「增持」。
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