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《大行報告》花旗升中鐵建(01186.HK)目標價至12.2元 評級「買入」
阿思達克 09-03 11:06

花旗發表研究報告,指中鐵建(01186.HK)第二季純利升17.7%,勝預期,升幅高於第一季。公司是第二間業內公司該行勝預期,包括純利率改善,歸因負債減少及收入增長勝預期。經營現金流淨流出的金額有收窄,由去年上半年的4,590萬元人民幣,降至3,250萬元人民幣。相信經營現金流會於今年尾轉正,將基建股的推介次序轉至中國鐵建、中國建築國際(03311.HK)、以及中鐵(00390.HK)。

該行指,公司第二季的新訂單升28%,物業建築升78%,相信城市軌道列車會較鐵路成為公司主要的增長動力,同時預期會有更多基建類的政策,以舒緩貿易戰的影響,對鐵路、城市軌道列車、海外項目看好,而公路、橋等PPP項目則不看好,目標價由11.8元升至12.2元,評級「買入」。

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