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《大行》匯豐下調航運股目標價 東方海外(00316.HK)及中遠海運(01919.HK)評級降至「減持」
匯豐環球研究指,該行覆蓋的航運股今年以來平均累升12%,跨太平洋航運因關稅憂慮出現提早付運並支持首季盈利,縱使對等關稅暫緩導致上海出口集裝箱運價指數(SFCI)第二季內升73%,但該指數已因預訂轉弱從高位回落17%。該行料關稅不確定性將令下半年航運需求受壓,市場焦點將回到載能過剩及盈利下行。 該行認為關稅暫緩利好已在股價反映,但關稅不確定性及載能過剩或對盈利構成壓力。該行下調對海豐國際(01308.HK)投資評級,由「買入」降至「持有」,目標價由26元下調至25元。該行下調對東方海外(00316.HK)及中遠海運(01919.HK)投資評級,由「持有」降至「減持」,目標價由分別120元及14元,下調至100元及11元。
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