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《大行》匯豐降太平洋航運(02343.HK)評級至減持 目標降下調至1.7元
阿思達克 06-11 12:45
匯豐研究報告指,波羅的海乾散貨指數(BDI)自4月8日起上升26%,主要由「好望角型」貨船(Capesize)TCE上升57%所推動,但巴拿馬船型(Panamax)的運費下降13%,而超靈便型(Supramax)和小靈便型(Handysize)的運費分別下降4%及持平。另外,年初至今出現供應過剩,船舶經紀公司Clarksons數據顯示今年1至4月船隊平均按年增加3%,但除小型散貨外,其他主要散貨量均下降。 該行料太平洋航運(02343.HK)2025上半年將錄2,700萬美元盈利。而運費表現疲弱,加上供需失衡下,全年的上行空間有限,或令集團2025上半年的盈利表現令人失望。而近期超靈便型和小靈便型的新船及二手船價格亦已下降,反映運費前景疲軟。該行將評級由「持有」降至「減持」,目標價由1.75元降至1.7元。
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