大行評級|大摩:中遠海控未來數季度利潤率及利潤增長將正常化 目標價8.5港元
摩根士丹利發表研報指,中遠海控2025財年第一季,按中國會計準則的初步經常性淨利潤按年增長73.07%至116億元,相對於2024財年第四季錄純利約110億元。首季表現達到該行及市場分別預測的42%及47%。
大摩表示,對集裝箱運輸板塊保持審慎,因持續的全球貿易緊張可能導致需求端風險,在供應壓力高企的情況下,可能加速下行週期。該行預計,中遠海控在未來數個季度的利潤率及利潤增長將正常化,並將該股H股目標價定於8.5港元,給予“減持”評級。
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