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《大行報告》摩通下調內地基建股目標價 首選中鐵建(01186.HK)
阿思達克 11-10 10:25
摩通發表研究報告指,中國基建股自今年至今平均下跌28%,跑輸恆指6%的跌幅,主因估值下調所致。

該行指,在第三季盈利進一步下跌的趨勢下,四間基建股走勢出現分歧的情況合理,特別是考慮到海外項目和內地基礎設施項目商業模式的差異。摩通在計入國內基建開支預算後,更新了基建股盈利預測和目標價。

該行表示,目前四間基建商給予的指引都相對正面,受惠政府在第四季和明年的基建投資預算穩健支持,而過去受到應疫情的影響,加上明年是十四五規劃的首年,相信城市化相關的建設將是主要的投資範圍。由於基建REIT仍未獲批,未來持續的資金支持將是市場關心的重點。

該行對四大基建股的偏好排序依次為中鐵(00390.HK)、中國建築(03311.HK)、中國鐵建(01186.HK)和中交建(01800.HK)。

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