《大行》摩通:集裝箱航運前景分化 看好中遠海控(01919.HK)東方海外(00316.HK) 上調目標價
摩根大通研究報告指,集裝箱航運與造船業需求形勢分歧加劇,當中馬士基(Maersk)觀察到美國以外市場的需求強勁,並因關稅不確定性而維持對美國市場審慎態度;而國際貨櫃碼頭服務公司(ICTSI)則指其港口未見有提前出貨跡象。
另外,航運龍頭企業的前景分化,馬士基因北美以外市場需求強勁上調指引,而海洋網聯船務(ONE)則因倚賴美國航線而下調全年展望。庫存水平亦存在爭議,物流經理人指數(LMI)顯示受美國零售銷售及預囤貨活動影響,庫存處於高位。紅海危機、港口擁擠、造船活動及301條款關稅等因素,正影響行業策略與投資決策,加上國際海事組織(IMO)排放標準的辯論,亦進一步令戰略佈局更複雜。
該行對中遠海控H股(01919.HK)及A股(601919.HK)維持正面看法,目標價分別上調至21港元及24元人民幣,另外亦對東方海外國際(00316.HK)維持正面看法,目標價升至179港元,均予「增持」評級。但該行對中國船廠,尤其新加坡上市的揚子江造船,維持審慎看法,基於地緣政治不確定性及競爭壓力。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.