You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行报告》汇丰研究下调龙工(03339.HK)目标价至2.9元评级「买入」
阿思达克 07-02 15:18

汇丰发表研究报告指中国龙工(03339.HK)过去三个月股价累跌19%,同期国指仅跌约4%;报告估计,装载机销售逊预期(首五个月按年仅升0.2%)料属主要原因。汇丰称,内地建筑机械产品正经历与以往不同的需求周期,重置周期延长。现时内地起重机及混凝土机械需求最大,源於减排标准提升。汇丰称,须注意龙工没有涉及这范畴。

报告称,装载机安装分布正逐渐倒退,或限制产品销售。汇丰下调今明两年装载机行业销售增长预测,由原先的双位数增幅降至约7%。这亦是汇丰下调龙工2019至2021年每股盈测介乎8%至10%的主因。

汇丰表示,留意过去数季龙工估值相当於预测市帐率约1倍,市场或以下行周期为估值基础,该行认为过於悲观。汇丰称,龙工财政状况强劲,料可支持维持稳定派息比率介乎50%至60%。汇丰下调龙工目标价,由3.4元降至2.9元,相当於预测市帐率由1.4倍降至1.2倍,评级「买入」。

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account