《大行报告》汇丰研究上调电能(00006.HK)目标价至46元 看好长建(01038.HK)
汇丰环球研究发表报告指,长江基建(01038.HK)及电能实业(00006.HK)去年纯利按年分别下跌30%及15%,撇除一次性及非现金项目,估计两企去年核心盈利分别按年下跌10%及12%,表现大致符合该行预期。至於两企的股息有惊喜,按年增长0.4%,对比该行原来预期为按年持平。
该行表示,即使面对疫情,长建仍展现扩张的意欲,包括进行收购。在截至去年底的净负债比率改善支持下(为2017年以来最低),相信公司旨在推动盈利及股息的收购故事亮丽。
汇丰研究上调长江基建股份目标价,由49元升至52元,评级维持「买入」;电能目标价亦由44元上调升46元,维持「持有」评级。两企中,该行喜好长建多於电能,认为前者在收购及股息机会上有更佳的前景。
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