《大行报告》汇丰研究下调粤投(00270.HK)目标价至12.9元 评级「持有」
汇丰研究发表报告指,粤海投资(00270.HK)首季度纯利录13.71亿元,按年增长39%,该行估算核心盈利亦按年增长20%至13.25亿元,符合预期,相信主要受供水业务及物业销售所带动,同时百货营运业务及酒店经营管理,以及高速公路等周期性业务亦见复苏。
该行表示,疫情影响仍存在,预期非公用业务特别是香港的酒店及物业租赁等需要更长时间回复正常水平,对新的供水厂初期亏损及长远盈利能力表示关注。
汇丰研究指,粤海投资估值合理且风险因素已计入其中,对其维持「持有」评级,以目标股息收益率由4%上调至4.65%为估值基础,目标价相应由15元下调至12.9元。
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