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《大行報告》大摩相信中集安瑞科(03899.HK)60日內股價將升 評級「增持」
阿思達克 03-26 09:30
摩根士丹利發表技術研究報告,相信中集安瑞科(03899.HK)股價60日內將升,發生此可能性料70%至80%,予目標價7元,評級「增持」。

報告稱,股價看俏主要因為公司剛公布去年純利按年增16%至9.11億元人民幣,分別較該行及市場預期分別高出7%及3%,當中能源業務表現顯著跑贏,純利按年增47%,貢獻整體盈利的四成,遠高於2018年時25%的水平,相關的毛利率亦按年擴大2.7個百分點至17.3%,主要因為高利率的LNG重卡車載瓶收入佔比擴大。

大摩指出中集安瑞科銷售、一般及行政開始比例收窄,主要因為總部的營運開支減少,此外派息比率由30%增至40%,意味股息率達5%,認為考慮到2020年受惠能源業務的增長及利潤率擴張將帶動盈利增長,風險回報吸引,認為現時的估值已反映了潛在負面因素,

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