《大行》中金升太平洋航運(02343.HK)目標價至2.4元 維持「跑贏行業」評級
中金發表報告指出,太平洋航運(02343.HK)上半年營收按年下降20.5%至10.19億美元,歸屬股東淨利潤2,600萬美元。期內公司處置五艘老舊船舶,若剔除資產處置收益,上半年核心盈利為2,200萬美元,按年下降50%。業績低於該行預期,主要因平均期租租金(TCE)表現疲弱。
中金維持太平洋航運2025至2026年盈利預測基本不變,當前股價對應2025/2026年預測市盈率分別為9.8倍和8.8倍。基於行業風險偏好改善,將目標價上調14.3%至2.4港元(對應2025/2026年市盈率分別為10.1倍和9.1倍),潛在上行空間4.3%,維持「跑贏行業」評級。
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