Seaport and Logistics Sector Update by Kenanga Research Main | Rakuten Trade Ideas 🎯

Seaport and Logistics Sector Update by Kenanga Research

Maintain Neutral call post Q1CY23 weaker earnings and global economic uncertainty, however there are bright spot in our domestic logistics!

Top picks:-

BIPORT (5032)
◦ Steady income stream from LNG business and growth potential from Salamaju Industrial port
Target price RM5.55

SWIFT (5303)
◦ Market leading position 10% and higher margins 10% vs industry average 4% and warehouse business riding on domestic e-commerce
Target price RM0.97

肯纳格(Kenanga)研究部给予港口和物流行业最新报告

在23年第一季度盈利表现疲软和全球经济不确定性之后，给予维持中性评级，但国内物流有亮点！

以下是首选股：-

民都鲁港口 (BIPORT, 5032)
◦ 来自液化天然气(LNG)业务的稳定收入来源和Salamaju 工业港的增长潜力
目标价为5.55令吉

Swift 物流 (SWIFT, 5303)
◦ 与该行业的平均水平仅为4%的当下，该公司领先市场占有率接近10%和利润率高达10%，以及仓储业务依赖国内电子商务
目标价为0.97仙