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《大行報告》中金降太平洋航運(02343.HK)目標價至2.85元 評級「跑贏行業」
阿思達克 08-08 13:48
中金發表報告指,太平洋航運(02343.HK)上半年收入按年跌33.4%至11.5億美元,純利降81.7%至8,500萬美元,符合該行預期。集團資產負債表依然穩健,淨債務僅佔船隊賬面淨值的7%。中期息派6.4港仙,如果公司全年維持51%的股息支付率,目前股價潛在股息率估算達6.3%,頗具吸引力。 該行表示,集團持續擴大船隊規模、改善船隊結構,並進行逆週期投資,以迎接行業未來復甦,又維持用更大、更新的船舶替代舊運輸船的發展戰略。該行認為,公司船隊結構改善將增強其成本競爭力和長期盈利能力。 該行指,由於運費下降,將2023年和24年的淨利潤預測分別下調60%和53.9%,至1.82億美元和2.61億美元,維持其「跑贏行業」評級,目標價則下調11.2%至2.85港元。
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