Research Nuggets丨Cathay Pacific Junan: China's ship leasing profits have been growing steadily in 23 years, maintaining the “gain” rating

Gelonghui Finance · Apr 1, 2024 15:19

According to the Guotai Junan Research Report, maintaining the “plus” rating of China Ship Leasing (3877.HK), profits grew steadily in 2023, which is basically in line with expectations. The net profit forecast for 2024-25 is HK$2,22.4 billion, with an additional forecast of HK$2.6 billion for 2026, with a target price of HK$2.06 billion, maintaining the “increase” rating. Considering that the capacity utilization rate of the refined oil transportation market has exceeded the threshold, the future boom will rise and continue or exceed expectations. The company will fully benefit from the rise in refined oil transportation, and the sustainability of profits may exceed expectations. The dividend rate is beginning to rise. Orders may continue to be placed cautiously in the next few years, and the dividend rate is expected to gradually increase.

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研报掘金丨国泰君安：中国船舶租赁23年盈利稳健增长，维持“增持”评级

Research Nuggets丨Cathay Pacific Junan: China's ship leasing profits have been growing steadily in 23 years, maintaining the “gain” rating

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