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《大行報告》匯豐研究下調灣區發展(00737.HK)目標價至3.9元 評級「買入」
匯豐研究發表報告,維持灣區發展(00737.HK)「買入」評級,目標價由4.2元下調至3.9元,因將2021財年和2022財年的盈利預測分別下調13%和14%,以反映今年上半年的最新交通數據,認爲土地開發和廣深高速公路擴建的進展可能是股價的主要催化劑之一,與深高速(00548.HK)合併可能有助加快公司在高速公路沿線的土地開發進度。

匯豐研究指,灣區發展上半年業績不符合該行預期,部分原因是分流影響和5月底疫情在廣州重新出現。該公司今年上半年的通行費收入比2019年上半年的水平下降了10%。具體而言,6月份的通行費收入比2019年6月的水平下降了30%,主要由廣州市疫情疫情復發和相關的旅行限製造成。該行將2021財年的通行費收入估計降低了8%,以考慮到最新的交通數字。

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