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高盛料长和(0001.HK)中期纯利按年升2%维持“买入”评级
格隆汇 07-23 10:41

高盛发表报告表示,就长和(00001.HK)将于8月1日公布上半年业绩,预期公司中期纯利升2%至184亿元,主因受汇率影响其海外业务,包括英镑、欧元、加元和澳元,兑港元都见下跌,而按当地货币计算,盈利可升7-8%,符预期,主因来自收购WindTre的贡献。

该行指,长和多项业务表现维持强健,但对业绩本身不认为有过大惊喜,相信未来在释放资产价值方面,例如电讯铁塔、英国公用资产方面,会是投资者较关注,同时相信是次业绩管理层亦会强调电讯业务方面的发展。

高盛表示,因应长和会计准则的变更,令EBITDA和EBIT的可比性较低,但对纯利影响较轻微,予“买入”评级(「确信买入」名单),认为提供的风险回报值吸引,目标价维持104港元。

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