匯豐研究:微降新創建(0659.HK)目標價至13.3港元 維持“買入”評級
內地交通運輸部公佈於抗疫期間免收收費公路路費,匯豐環球研究發表報告指,政策料對新創建(0659.HK)
造成暫時性的不利影響,免收路費的期間延長,將影響今年的盈利表現,但相信不會造成永久損害,而且待免收路費期間結束,每股盈利亦料反彈。
受到政策影響,該行下調新創建今年盈利預測1%,有關預測料免收路費政策延續至本月底,並預測新冠肺炎疫潮後,需一段時間回覆交通流量,目標價自13.4港元輕微下調至13.3港元。該行認為目前新創建風險回報吸引,股價相對每股資產淨值(NAV)折讓51%,屆估值
低谷
,加上派息展望吸引(新派息政策自2019財年起帶來每股分派以絕對值基礎增長,意味今年股息收益率料達5.8%),維持“
買入
”評級。
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