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《大行报告》花旗下调中交建(01800.HK)目标价至4.1元 评级「中性」
阿思达克 04-07 15:53
花旗发表报告指,中交建(01800.HK)去年经常性收益下降17%至138亿元人民币,落後於主要同业中国中铁(00390.HK)和中国铁建(01186.HK),主要由於受到去年上半年国内收费公路免收车辆通行费政策影响。下半年的盈利较上半年增长98.6%,反映疫情影响正在减弱,因此上调今明两年的盈利预测6至8%,但由於行业估值较低,目标价由4.6元下调至4.1港元,评级维持「中性」。该行更倾向於同业中的中国建筑(03311.HK)、中国中铁、中国铁建。

花旗指,管理层预计今年度经常性净利润将恢复到2019年左右水平,新签合同继续保持双位数增长,但投资项目的贡献将逐步降低。公司仍将海外市场视为重要的增长动力,前提是疫情发展形势得到遏制。

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