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《大行報告》摩通:中遠海控(01919.HK)藉併購冀躋身行業龍頭 評級「增持」看19元
摩根大通發表研究報告,指留意到近期有關中遠海控(01919.HK)的更新都側重於資本分配,因公司正面對集裝箱現貨運費急跌的壓力。上週五(3日)中遠海控公佈關連交易,向中遠海運物流收購中遠海運供應鏈13.46%股權,該行稱,這是中遠海控轉型向行業龍頭「馬士基式」終端對終端服務供應商的首個嘗試;另中遠海控計劃購買15艘混能大型船舶,亦標誌着公司向綠色轉型發力。此外,公司首次派發中期息,並提出2022至2024年派息率達30%至50%,該行認爲是一個驚喜。 報告稱,中遠海控上述與股東利益一致的舉措,與其中期業績公佈後股價下滑並不協調。該行認爲,行業基本面或已見底,小型航運商續退出市場。該行維持對中遠海控正面看法,風險回報吸引,評級「增持」,目標價19元。
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