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大行評級|花旗:預計下季航運費率進一步上升 重申中遠海控“買入”評級
花旗發表報吿指,期待已久的跨太平洋合約容許航運商將紅海乾擾轉化成今年至明年上半年純利的催化劑已實現。邁向第三季旺季,由於短期運力供應緊張但需求復甦,料航運費率進一步上升;不過紅海乾擾並非航運商的利器,因明後兩年陸續有新運力供應。該行稱中遠海控現估值相當於預測市賬率0.9倍,有上行空間,目標價14港元,重申“買入”評級。該行料所覆蓋亞太區航運商平均運費今年料升20%,明後兩年各跌14%及8%;這意味所覆蓋航運商2024至2026年間平均核心股本回報率分別11%、3%及1%。
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