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里昂降港铁(0066.HK)评级至“沽售”目标价49港元
格隆汇 07-19 11:04

里昂发表报告指,港铁(00066.HK)因沙中线红磡站工程问题拨备20亿元,计及港铁于5月公布之4.3亿元拨备,上半年拨备总额为24.3亿元。港铁同时公布将於明年首季局部开通沙中线,该行提升港铁2019至2021年基本盈利预测1%至11%,以反映楼价上升预测。

不过,该行称,本港宏观经济环境转弱,首五个月零售销售跌2%;有关情况下港铁目前估值较高,现价相当於较每股资产净值(NAV)溢价1%,高于长期平均水平(折让15%)。里昂认为港铁业务具防守性,惟下调其投资评级,自“跑赢大市”降至“沽售”,目标价维持49港元。

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