《大行報告》匯豐研究:短期運輸及物流需求仍強韌 12隻評級「買入」股份值關注
匯豐研究發表研究報告指出,在其舉辦的第16屆年度運輸與物流會議中,與行業專家及超過40家企業探討包括供應鏈、集裝箱及航空等全球貿易關鍵主題的展望。雖然認為風險上升,但短期運輸及物流需求仍強韌。
當中,該行預期集裝箱運輸短期前景較預期穩定,主要受惠於上海受抑制的出貨量及早前假期補貨影響。隨著今年第三季的能見度提高,另估計長灘港的勞資糾紛問題不會於7月1日前解決,或需時幾個月才能緩解,即運輸堵塞問題仍然棘手,相信需求和運費率下降的可能性較小。
此外,該行引述船運及物流業界預測,運費將逐步恢復正常,並將高於疫情前水平。乾散貨和油輪運輸方面,由於新船訂單有限,加上更嚴格的排放規則生效,預期乾散貨運輸的運力增長或將放緩。至於航運方面復甦好過預期。
匯豐研究認為12隻評級「買入」股份值關注,當中包括馬士基(A.P. Moller-Maersk)、海豐國際(01308.HK)、太平洋航運(02343.HK)、長榮海運、得夫得斯國際貨運、瑞安航空、國泰航空(00293.HK)、東方航空(00670.HK)、AerCap(AER.US)、Adani Ports、中銀航空租賃(02588.HK)及順豐控股(002352.SZ)。
股份│目標價
海豐國際(01308.HK)│55港元
太平洋航運(02343.HK)│6.5港元
國泰航空(00293.HK)│10港元
東方航空(00670.HK)│3.7港元
中銀航空租賃(02588.HK)│78港元
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