《大行報告》瑞銀微升海螺創業(00586.HK)目標價至42.66元 評級「買入」
瑞銀發表報告指,海螺創業(00586.HK)的固體及危廢處理業務去年受到疫情影響,令利用率下降且沒有足夠的危廢處理量。不過,該行對集團的增長前景看法仍然正面,估計其環境保護業務可有強勁的項目增長。
該行認為,市場未完全反映海螺創業於環境業務的潛在增長,因集團目前股價僅相當於其經營業務(主要是環境業務)一年預測市盈率11.9倍,撇除海螺水泥(00914.HK)的市值及假設綜合折扣為20%,瑞銀稱估值吸引,並預期集團經營業務2020年至2023年的盈利年均複合增長率可達42%。
瑞銀微升海螺創業股份目標價,由42.45元升至42.66元,評級維持「買入」。
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