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野村:維持中聯重科(1157.HK)“買入”評級 目標價6.8港元
格隆匯 11-18 13:52

中聯重科(1157.HK)上週五(15日)公佈核心經營管理層持股計劃。野村認為此舉反映管理層對公司長遠發展的信心,並可緩和市場對需求減弱的憂慮,可被視為股價催化劑,維持對中聯重科的“買入”評級及目標價6.8港元不變。

野村指出,計劃內提及的2020年淨利潤目標比野村現時預測低2%,但2021/22年的目標卻超出野村預測2%/4%。報告又提到中聯重科計劃於2020-2025年六年間投資20.5億人民幣在蕪湖市建設智能農機產業化項目,建設內容包括智能農機技術創新;信息化建設;經濟類作物機械及核心零部件國內外併購及產業化;及其他與智能農機相關的項目。

中聯重科計劃使用今年二季度所回購的3.9億股A股,佔公司總股本4.96%(截至今年9月30日)的股份用於員工持股計劃,籌資總額上限約10.74億人民幣。該計劃覆蓋公司管理層和核心員工約1200人。員工將以不低於回購價格的50%買入並持有公司股份。鎖定期最長36個月,分三年按照40%、30%和30%比例,完成業績考核要求後方可解鎖。

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