《大行報告》高盛對港鐵(00066.HK)發盈警不感意外 評級維持「買入」
高盛研究報告指對港鐵(00066.HK)發盈警不感意外。港鐵預期去年度虧損為48億元,而核心盈利為58億元,符合該行預期,當中反映去年下半年盈利為2億元,除了物業入賬減少,下半年鐵路經營亦錄1億元虧損,期內推出車費8折優惠,不足以抵銷客量下跌收窄。
該行指,每月數據早已顯示客量下跌,故對盈警不意外,但相信疫情後公司業務復甦會較快,其主要與本地消費相關及較少依賴旅客。在經歷兩年的業務干擾後,盈利目前已降至低水平,相信疫情不會影響其長期鐵路壟斷經營地位,目前只需待本地需求復甦至疫情前水平即可,維持「買入」評級,目標價48元。
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