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《大行报告》美银证券:金隅(02009.HK)盈警净利润逊预期 维持「中性」评级
阿思达克 02-22 11:29
美银证券发表报告指,金隅集团(02009.HK)发盈警,预期去年纯利为27亿至30.3亿元人民币,按年下跌18%至27%,逊於该行预期28%,及较市场预期中位低16%。

该行表示,撇除非持续性项目,集团去年核心纯利料为16.6亿至19.8亿元人民币,按年下跌38%至48%。以指引中位假设,其去年第四季纯利为1.49亿元人民币,按年由亏损2,300万元人民币转为轻微盈利。

美银维持金隅股份「中性」评级,目标价2.2元,预期集团近期在房地产及水泥业务均面对挑战,其中房地产业务需面对政府维持严格的房价控制,及早前地价高企令毛利走低。而华北水泥行业因产能压力等令价格竞争剧烈的情况料会持续,令集团水泥业务缺乏反弹催化剂。

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