You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
研報掘金丨華源證券:首予中遠海特“買入”評級,船隊擴張重視成長+紅利
華源證券研報指出,中遠海特爲全球特種運輸船龍頭,新增運力助力業績成長。2025-2026年,公司新船交付總量預計達65艘(總計運力375萬DWT,相當於2024年底公司船隊運力的61%),船隊規模將迅速擴大,支撐業績成長。公司紙漿船業務受益於船隊快速擴張、國內紙漿消費量穩定增長及海外漿廠的擴產計劃,預計將成爲主要業績增量之一。供給側,受制於船齡老化與環保合規要求,運力緊張格局預計在中短期內仍將持續。汽車船船隊擴張迎增量,基本面穩健;壁壘穩固盈利能力,半潛船市場或存政策紅利。鑑於公司船隊規模快速擴張,未來業績增量可觀,且假設在未來三年維持50%分紅率的情況下,公司兼具5-6%股息率,首次覆蓋,給予“買入”評級。
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.
uSMART
Wealth Growth Made Easy
Open Account