美銀證券發表研究報告指，由於疫情影響及美國經濟放緩導致2023年出口需求下降，將2022至2023年物流及港口行業盈利預測平均下調4%至5%，目標價相應下調5%至13%。
According to the US Voucher report, due to the decline in export demand in 2023 due to the impact of the epidemic and the US economic crisis, the profit forecast of the logistics and port industry from 2022 to 2023 will be reduced by an average of 4% to 5%, and the target will be correspondingly reduced by 5% to 13%.
由於預計2023年集裝箱吞吐量表現將疲軟，該行將招商局港口(00144.HK)的投資評級由「買入」下調至「中性」，預測招商局港口2022至2023年深圳及上海港口集裝箱吞吐量將出現低單位數跌幅，抵銷今年境內港口費率恢復增長所帶來的部分收益，目標價由17元下調至15元。
As the container throughput is expected to be sluggish in 2023, the bank lowered the investment rating of China Merchants Port (00144.HK) from "import" to "neutral". It is predicted that the container throughput of Shenzhen and Shanghai ports of China Merchants Bureau will show a low unit decline from 2022 to 2023, offsetting part of the revenue from the recovery and growth of domestic ports this year, the target price will be lowered from 17 yuan to 15 yuan.
對於快遞行業，該行仍然預期內地封城政策可於5月中旬放鬆，令行業利潤率及估值可望逐步恢復，其中較看好順豐(002352.SZ)及中通-SW(02057.HK)(ZTO.US)的盈利表現；同時看好嘉里物流(00636.HK)的內地業務敞口較小，予「買入」評級，目標價由25元降至23元。
As for the express industry, the bank still expects that the inland city closure policy will be released in mid-May, so that the profit margin and valuation are expected to gradually recover, among which the bank is optimistic about the profit performance of 002352.SZ and ZTO Express-SW (02057.HK) (ZTO.US). At the same time, it is optimistic that Kerry Logistics (00636.HK) has a small exposure to inland operations, which will be reduced from 25 yuan to 23 yuan.
受疫情拖累，美銀指出近兩個月快遞公司物流量料下降30%，預期今年快遞行業盈利將減少7%至11%，預測$京东物流(02618.HK)$全年淨虧損將擴大至6.92億元人民幣，將其目標價由30元下調至26元，評級「買入」。
Dragged down by the epidemic, Metro pointed out that the logistics volume of the express company is expected to drop by 30% in recent months, and the profit margin of the express industry this year is expected to be reduced by 7% to 11%.$JD Logistics, Inc. (02618.HK) $The annual budget will be increased to 692 million yuan, and the target will be lowered from 30 yuan to 26 yuan.