大摩相信中车时代(3898.HK)股价60日内将升评级“增持”
摩根士丹利发表技术研究报告,相信中车时代电气(03898.HK)股价60日内将上升,料发生此概率逾80%,因为该股近期遭沽售,短期估值更加吸引。大摩予其“增持”评级,目标价56.3港元。

该行指,公司上半年盈利按年增长3%,轻微低过市场预期,主要由於销售开支按年升48%所致,但预期未来两年销售开支升势将大幅放缓;公司核心高毛利牵引系统业务按年强劲增长17%;目前积压订单可覆盖至今年第三季的生产及收入,料纯利将按年增长约10%,好过市场预期;该股现价相当於2019及2020年预测市盈率分别12倍及9倍,低过十年平均值即约15倍水平。
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