大行評級|摩根大通:上調中遠海控和東方海外的目標價 評級均爲“增持”
摩根大通發表報告指,市場對中遠海控和東方海外等盈利在2024/25年度顯著上升,反映出市況較預期強勁。正面的前景推動這些公司的股價平均上升約45%,超過MSCI亞洲指數7% 的升幅。該行認爲這些股票目前估值仍具吸引力,提供令人信服的風險回報。
踏入2025年,集裝箱航運業將面臨與特朗普2.0關稅制度及地緣政治衝突可能停火有關的不明朗因素。然而,對供過於求的憂慮似乎被誇大,因爲新船交付量已見頂,有助市場平衡。與此同時,在複雜的地緣政治發展下,供應鏈的限制繼續帶來挑戰。
摩通對中遠海控目標價由18港元升至19港元,東方海外目標價由166港元升至171港元,評級均爲“增持”,指兩者都擁有強勁的現金盈餘,併產生強勁的自由現金流,使其可靈活地透過派息、股份回購或策略性投資提升股東價值。
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