花旗下调建滔集团(0148.HK)目标价至26港元评级“买入”
花旗发表报告指,建滔集团(00148.HK) 上半年持续经营业务盈利按年跌44%逊预期,主要是受到中国宏观经济影响,加上贸易影响消费信心。预计下半年将录得20亿元物业发展收入,远高於上半年的3.41亿元,料其沙田九肚山项目可於下半年带来5亿元盈利,维持“买入”评级。

该行料化学及上游材料业务毛利将较预期更差,下调2019年至2021年盈利预测,目标价相应自33.2元下调至26元,与建滔积层板(01888.HK)比较,因该行不看好化学业务,倾向偏好建滔积层板。
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