《大行报告》大摩下调中铁(00390.HK)目标价至6元 评级「增持」
摩根士丹利发表报告,将中国中铁(00390.HK)今明年度盈测分别降低了5%和8%,目标价由6.5元下调至6元。
不过,大摩指,由於中铁来自城市铁路和市政项目等高毛利率业务的收入增加,加上随着投资标准提高,铁路项目的毛利率将会改善。同时基础设施项目的资金增加,而收入增长温和,相信运营现金流亦都会有改善,因此给予中铁「增持」评级。
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