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《大行報告》美銀證券:神華(01088.HK)第三季經常性稅後純利略勝預期 評級「中性」
阿思達克 10-27 14:58
美銀證券發表研究報告指,中國神華(01088.HK)第三季經常性稅後純利略勝該行預期約8%,主要由於煤炭業務好轉,實現煤價好過預期,而且成本控制相對良好,加上有效稅率下降,較上季減少3.1個百分點所致。

該行指,公司第三季運輸業務毛利率按季僅跌1%,主要受鐵路、港口及航運業務量增長抵銷鐵路每單位利潤下降;由於部分煤礦供應一如預期受干擾,成本上升預期,以及資產負債表強勁,對神華重申予「中性」評級,目標價18元。

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