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《大行报告》高盛对港铁(00066.HK)发盈警不感意外 评级维持「买入」
阿思达克 01-20 15:44
高盛研究报告指对港铁(00066.HK)发盈警不感意外。港铁预期去年度亏损为48亿元,而核心盈利为58亿元,符合该行预期,当中反映去年下半年盈利为2亿元,除了物业入账减少,下半年铁路经营亦录1亿元亏损,期内推出车费8折优惠,不足以抵销客量下跌收窄。

该行指,每月数据早已显示客量下跌,故对盈警不意外,但相信疫情後公司业务复苏会较快,其主要与本地消费相关及较少依赖旅客。在经历两年的业务干扰後,盈利目前已降至低水平,相信疫情不会影响其长期铁路垄断经营地位,目前只需待本地需求复苏至疫情前水平即可,维持「买入」评级,目标价48元。

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