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《大行報告》大和降中遠海控(01919.HK)目標價至9.6元 為供應衝擊受益者評級「買入」
大和發表報告表示,降中遠海控(01919.HK)目標價,由13元降至9.6元,配合早前下調東方海外(00316.HK)及中遠海運港口(01199.HK)目標價,以及公司貨櫃船業務市賬率目標0.9倍等,維持「買入」評級。 該行指,上海出口集裝箱運價指數自去年11月底上升,近期紅海襲擊事件導致供應鏈中斷及運價進一步上升,指數內歐洲及地中海航線每標準箱運費至上月22日升至1,497及2,054美元,為去年新高。該行相信地緣政治緊張將繼續對短期運價造成顯著及正面影響。 大和又指,歐洲市場航運佔公司去年上半年收入22%,歐洲貨櫃碼頭收入佔同期收入額外2%。據該行了解,公司沒有計劃恢復紅海航線並繼續改道好望角,並徵收更高運費。該行相信改道造成的更長航程時間,有助部分地吸收新航運載能。
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