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《大行报告》大摩下调港铁(00066.HK)目标价至37元 评级「减持」
阿思达克 07-29 09:32
摩根士丹利发表报告指,港铁(00066.HK)将於8月6日公布今年上半年业绩,由於集团7月初已发盈警,因此上半年经营业绩表现疲弱应是众所周知。不过,该行相信市场未完全反映港铁下半年盈利持续疲弱,及明年的复苏之路缓慢。

大摩预期,由於持续盈利疲弱及欠缺物业发展利润,料港铁今年下半年的基础盈利按年将下跌90%,下调集团今明两年每股盈利预测分别30%及22%,至1.04元及1.69元。

该行下调港铁股份目标价,由41元降至37元,评级维持「减持」。大摩假设港铁今明两年的每股常规派息持平,而且於今年至2022年无特别息分派,反映集团客流量增长前景放慢、香港零售销售及租金前景放缓,和今年下半年推票价优惠20%(其中一半由港铁承担)等因素。

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