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一文綜合大行於長江基建(01038.HK)公布業績後最新觀點及目標價
阿思達克 03-19 12:27
長江基建集團(01038.HK)早市股價急挫11%,市場擔心新冠疫情在英國、意大利等多國蔓延,外外匯匯價波動或令集團匯兌方面承壓。公司昨公布去年純利105.06億元,按年升0.6%,每股盈利4.17元,派每股末期息1.78元,上年同期派1.75元,連同中期息全年合共派每股2.46元,按年升1%。集團主席李澤鉅表示,預期環球超低利率及監管機構取態強硬將引致准許回報下調,收益遞減。

【匯率大波動 憂慮損收益】

高盛發表報告表示,若英鎊/澳元兌港元匯率每跌10%,料將分別拖累長江基建盈利各5%及2%。因應外匯因素及長建對環球經濟前景的預測,下調長建今明兩年每股盈利預測8%至9%,目標價相應自61.3元下調至59元,維持其「中性」評級。

業績之後

瑞信亦指,因應貨幣因素及來自海外業務的盈利貢獻下降,該行下調長江基建今明兩年每股盈利預測12%至13%,目標價自73元削至60元,維持「跑贏大市」評級。

本網最新綜合8間券商對其投資評級及目標價:

券商│投資評級│目標價(港元)

里昂│買入│70元

野村│買入│80->68.8元

瑞銀│買入│64元

摩根大通│中性│60元

瑞信│跑贏大市│73->60元

高盛│中性│61.3->59元

花旗│買入│66->55元

摩根士丹利│與大市同步│54元

------------------------

券商│觀點

大和│英鎊疲軟拖累利潤兼疫情大流行影響業務

里昂│利潤受貨幣走弱影響

野村│下調公司今年淨利潤14%,以反映英鎊/澳元走弱7%

瑞銀│貨幣貶值導致收益下降

摩根大通│較低通貨膨脹率可能導致收益下降

瑞信│因應匯率預測,下調公司今明兩年每股盈利12%-13%

高盛│因應匯率,下調今明兩年每股盈利8%-9%

花旗│監管環境存挑戰,但料派息可維持

摩根士丹利│外匯波動料致收入下跌

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