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《大行报告》瑞银上调中国龙工(03339.HK)目标价至2.9元 评级「中性」
阿思达克 02-26 09:53
瑞银发表报告指,上调中国龙工(03339.HK)今明两年盈利预测分别6%及8%,以反映受矿业投资及产能扩展推动,令该行对轮式装载机及挖掘机的销量预测提升,并因而上调集团股份目标价,由2.68元升至2.9元,评级维持「中性」。

该行表示,中国龙工2020年至2022年的每股盈利年均复合增长率料为负3%,低於行业平均,主因其缺乏竞争力以增加市占。另外由於挖掘机取代轮式装载机的结构性转变,瑞银仍然忧虑集团轮式装载机业务的长期前景。

该行又认为,龙工目前估值相当於今明两年市盈率分别8.3倍及8.8倍,估值是合理。

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