大和:長建(1038.HK)經常性盈利及派息符預期 目標價56.2港元
大和發表研究報告表示,長建(1038.HK)上半年盈利倒退52%至28.6億港元,主要因英國業務之遞延税項負債需重新計算,以及受新冠肺炎而產生的相關成本影響,若撇除有關項目,集團經常性盈利按年下跌16%至54億港元,符合該行預期,維持其買入評級,目標價56.2港元。
該行指,長建中期股息68仙,與去年同期持平,但該行相信將會持續增加派息,集團潛在風險包括英國northern Gas及wales&west utilities的新規管回報差過預期,以及美國利率上升速度快於預期。

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