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大行評級|美銀:下調太平洋航運評級至“中性” 目標價降至1.65港元
格隆匯 03-03 10:26
美銀證券發表報吿指,將太平洋航運的評級由“買入”降至“中性”,目標價由2.85港元降至1.65港元。該行指,留意到幹散貨物在今年進入下行週期,公司今年首季的鎖定運價按年下滑。該行料公司今年的盈利將按年下跌,並且與市場預期相比存在50%的下行空間。同時該行亦提出,公司2024年沒有宣派特別息令人失望,表明先前的回購實際上只是股息替代,而非額外回報。然而,該行認為大部分負面因素已被市場消化,目前的估值接近市淨率0.55倍,處於公司歷史交易範圍的下限。美銀證券下調其對太平洋航運今明兩年的每股盈利預測50%,以反映今年首季的鎖定運價疲弱以及今年幹散貨物下行週期的訊號增多。
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