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野村:維持中聯重科(1157.HK)目標價6.8港元 評級“買入”
格隆匯 01-16 11:16

野村發表研究報告指,中聯重科(1157.HK)發盈喜,表明2019年的初步利潤可能達43億至45億元人民幣,按年增長1.13倍至1.23倍。公司公告指,錄得強勁增長主要由於房地產及基礎設施領域對機械的強勁需求、公司在混凝土及起重機械領域的市場份額持續增長,以及嚴格的成本和風險控制。該行維持公司目標價6.8港元,以及“買入”評級。

該行預料,在基礎設施及房地產行業的潛在寬鬆政策支持,以及嚴格的環境法規、柴油標準持續升級等情況下,工程機械的整體需求在2020年將保持穩定。

該行預計,中聯重科在2019年的利潤按年增長1.17倍後,將在2020年實現8%的增長,又認為發行60億元人民幣的資產擔保證券(ABS),將成為公司積極的催化劑,將有助於將部分的違約風險轉移予ABS的投資者。

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