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【券商聚焦】大摩升海丰国际(01308)目标价12% 维持“与大市同步”评级

[Broker Focus] Damosheng Haifeng International (01308) maintains a “in sync with the market” rating of 12% with the target price

金吾財訊 ·  Apr 21 23:16

Jin Wu Financial News | According to the Morgan Stanley Research Report, considering that due to the impact of the Red Sea situation, Haifeng International (01308)'s net profit forecast for 2024-2025 was raised by 12% and 5%, respectively. At the same time, the Group's net profit forecast for 2026 was estimated to be US$473 million, and the target price increased 12% from HK$13 to HK$14.6.

The bank maintains its “in sync with the market” rating because the spot market is still under pressure. New ship deliveries are expected in the second half of the year, causing the company to face downside risks. This will put pressure on long-distance freight rates, which may also affect the trans-Asian market. The bank believes that in the downward shipping cycle, a dividend rate of 6-7% is reasonable.

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