交銀國際:料中車(1766.HK)今年城軌裝備收入雙位數增長 呼籲買入
交銀國際研報指,在穩健的鐵路和城軌裝備需求支撐下,中國中車(1766.HK)管理層預計2019年盈利增長穩定。中車預測今年機車的增長持平,而高鐵需求按年增長或明顯改善,予目標價6.47港元及維持“買入”投資評級。
交銀表示,由於2019年底新批覆城軌專案加速,以及一二線城市對於城軌裝備需求持續增長,預計今年城軌裝備的收入將保持雙位數增長。中車預期新產業的收入將在今年增長,而現代服務的收入則可能持續下滑。與基建企業相比,認為新冠病毒疫情對於基建裝備企業影響有限,因為鐵路車輛的生產高自動化,以及由於經濟增長放緩帶來的潛在基建投資增長。

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