《大行報告》里昂降港鐵(00066.HK)評級至「沽售」目標價49元
里昂發表報告指,港鐵(00066.HK)因沙中線紅磡站工程問題撥備20億元,計及港鐵於5月公布之4.3億元撥備,上半年撥備總額為24.3億元。港鐵同時公布將於明年首季局部開通沙中線,該行提升港鐵2019至2021年基本盈利預測1%至11%,以反映樓價上升預測。
不過,該行稱,本港宏觀經濟環境轉弱,首五個月零售銷售跌2%;有關情況下港鐵目前估值較高,現價相當於較每股資產淨值(NAV)溢價1%,高於長期平均水平(折讓15%)。里昂認為港鐵業務具防守性,惟下調其投資評級,自「跑贏大市」降至「沽售」,目標價維持49元。
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