You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行報告》美銀證券上調長和(00001.HK)目標價至71元 評級「買入」
阿思達克 06-23 15:08
美銀證券發表報告指,長和(00001.HK)的零售和港口業務在上半年已經實現穩固的利潤復甦,而能源業務也應看到憬恢復盈利,以支持該行認爲長和是經濟重啓受益者的觀點。同時,長和的很多基礎設施項目的回報與通脹掛鉤,如果全球通脹升溫,應當能夠受益。

美銀證券認爲,長和的估值與資產淨值相比有53%的折讓,2021年度股息收益率爲4.5%,具有吸引力,重申「買入」評級,並將目標價提高3%,由69元上調至71元,以反映更明確的利潤前景。

該行同時略微提高對長和2021財年的核心每股盈利預測,預計每股盈利將增長13%,主要得益於零售、港口和能源等業務。至於歐洲電訊業務,英國和意大利方面仍然處於轉型期,該業務於報告期內EBITDA可能會下降,因出售電訊鐵塔後租賃費用增加。

另外,該行指,今年以來長和斥4.525億元回購了760萬股,目前假設其將斥資約10億至15億元用作回購。長遠來看,長和能否投資其豐富的自由現金流來加快盈利增長,將是獲大幅估值重評的關鍵。

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account