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《大行報告》星展微降嘉里物流(00636.HK)目標價至10.3元 評級「買入」
星展發表研究報告指,嘉里物流(00636.HK)是亞洲區內領先的物流服務供應商,業務遍佈全球且高度多元化,近年來其國際貨運代理業務覆蓋範圍不斷擴大。 除引入順豐控股(002532.SZ)外,去年12月亦出售在泰國嘉里的持股,星展預期公司未來將可以更專注於綜合物流及國際貨運代理業務,憧憬與順豐的整合可對推動長期股價表現。 該行又指,嘉里物流與順豐的協同效應正逐步顯現,維持「買入」評級,經歷近期股價波動後,以2024及2025年預測市盈率計,其現價水平估值低於低於過去五年平均值,因此將目標價從10.5元微降至10.3元。
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