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《大行报告》大摩相信中国中车(01766.HK)股价60日内将升评级「增持」
阿思达克 08-27 11:25

摩根士丹利发表技术意见报告,相信中国中车(01766.HK)股价於60日内将上升,因为该股近期遭沽售,短期估值吸引。

该行预期中国中车上半年盈利按年增长18%,增长较中车时代(03898.HK)为快;又预期中国中车部分低毛利业务如货车级城市高铁轨道业务(占收入逾20%,但占盈利仅约8%)将於2019-2020年经历可观的毛利率提升,主要受惠於规模效应及协同效应;此外,中国中车2019年预测市盈率仅10倍,低过历史中位数15倍,股息回报率逾4%。

该行相信出现上述股价上升的机会逾80%,给予该股「增持」评级,目标价10.4元,此按现金流折现率作估值。

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