《大行報告》摩通下調中遠海控(01919.HK)目標價至10元 評級「增持」
摩根大通發表報告指出,中遠海控(01919.HK)於昨日(9日)收市後發佈第三季盈警,息稅前盈利(EBIT)按季增長45%至約150億元人民幣,超預期;除稅後純利(NPAT)按季跌42%至55億元人民幣。
該行認爲,中遠海控優於同業的成本管理,是抵銷貨運市場疲弱和船用燃料成本上升的關鍵,相信可支持下半年實現盈利。此外,中遠海控在船舶租賃市場的敞口較小,相信受船舶租金率高企的影響較小。
考慮到最新的展望,該行對中遠海控2023至2025財年除稅後純利預測下調約15%,對其H股目標價由11元下調至10元,認爲公司估值仍然吸引,企業價值對EBITDA倍數爲負值,預測股息率達約9%,予以「增持」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 this article is for reference only. It does not constitute an offer, solicitation, recommendation, opinion or guarantee of any securities, financial products or instruments.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.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance.