招銀國際:推薦買入中國鐵建(1186.HK) 目標價10.5港元
招銀國際發佈報告稱,內地七個省市已先後公佈今年重點投資建設項目,合共近25萬億元人民幣,推薦買入中國鐵建(1186.HK),目標價10.5港元,止損8.6港元。
該行稱,內地七個省市已先後公佈今年重點投資建設項目, 合共近25萬億元人民幣(下同),當中3.5萬億元項目計劃今年內完成。以雲南省為例,重大工程主要聚焦於鐵路、公路、跨境電網、智能電網及5G 網絡覆蓋等。
該行認為,中鐵建主要從事鐵路等工程承包,另有房地產開發業務。公司業績平穩增長, 2015-2018年保持每年盈利10%以上增速,2019上半年增長16%。訂單增長也不俗,2019年新籤合同額同比升26%。2020年預測市盈率僅5.2倍,接近歷史低位。隨着國策加強基建投放,預計估值有重估空間。

Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.