花旗调低长江基建(1038.HK)盈测目标价降至72港元仍吁“买入”
花旗发表研究报告指出,虽然长江基建(1038.HK)业绩受到外币汇兑的负面影响,但上半年利润持平,基本符合预期,将其目标价下调3%至72港元,由于估值不高昂,维持“买入”评级。
报告指出,两宗出售收入有助抵消长建外币汇兑的负面影响,由于收入确认方式调整以及港元兑英镑升值,长建从其最大利润来源英国获得的利润同比下降15%。花旗已将长建2019-2021年度的每股盈利预测下调2%-5%。花旗认为,长建若需要现金展开并购,或会发行新的永续债。
长建昨天公布,截至本年6月底止半年纯利为59.43亿港元,按年基本持平;若撇除外币汇兑,溢利则录得6%增长。每股溢利2.36港元,中期息0.68港元不变。
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