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大行評級|大摩:下調太平洋航運目標價至2.76港元 評級“增持”
格隆匯 08-12 13:41

摩根士丹利發表研究報吿指,太平洋航運上半年業績表現遜預期,基礎溢利錄4400萬美元,僅達到該行全年預測的29%及市場普遍預期全年表現的30 %;派息比率約50%,則符預期。

大摩解釋,中期表現遜色主要由於期內短期租賃成本較高所致,相應將2024至2026年各年經常性淨利潤預測分別下調13%、7%及5%,以反映超靈便型幹散貨船等價期租金(TCE)預期下降,並將目標價從2.96港元下調至2.76港元,維持“增持”評級。該行指出,公司持續回購股份,反映出管理層對經營前景充滿信心,預期符合預期的股東回報將為估值提供一定支持。且過去三個月股價累計回調約28%,中績遜預期或屬市場預期之內。

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