研報掘金|興業證券:維持中遠海能“增持”評級 目標價12.5港元
興業證券發佈研究報吿稱,維持中遠海能“增持”評級,目標價12.5港元,油運行業整體邏輯未發生變化,長期景氣度仍在。2023H1公司收入114.83億元,同比增長54%,其中內貿油運/外貿油運/外貿LNG運輸收入分別為30.53/75.6/8.7億元,分別同比變動+3.8%/+92.8%/+42.1%;歸母淨利潤28.95億元,同比增長1531%。展望2023H2,在石油供給端,OPEC+的產量或將減少,預計被其他非OPEC國家(例如美國等)的產量增長所覆蓋。油運旺季到來,原油運價指數(BDTI)近期快速攀升,截至2023年10月13日環比增長31.9%。公司船隊具備較大經營彈性,例如TCE每增加1萬美元/天,VLCC船隊將多創收10.57億元,將幫助公司受益於新一輪旺季行情。
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