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交銀國際:降中車(1766.HK)目標價至4.96港元 料今年毛利率略下滑
格隆匯 05-04 16:06

交銀國際發表研究報告表示,中國中車(1766.HK)首季淨利潤按年下降58%至7.48億元人民幣,主要由於交付量下降,該行下調2020-21年盈利預測,並將H股目標價由5.25港元下調至4.96港元,維持“買入”評級。

報告指,考慮到動車和貨車交付量可能增加以及目前的在手合同穩健,預計第二季收入增長將改善,同時增長的城軌建設項目將繼續支撐2020年城市軌道板塊的收入增長,但城軌帶來的收入貢獻增加及鐵路設備領域收入增長放慢,料今年整體毛利率可能會略有下滑。

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