《大行報告》匯豐研究下調長建(01038.HK)目標價至55元 評級「買入」
匯豐環球研究發表報告指,長江基建(01038.HK)及電能實業(00006.HK)今年上半年盈利分別按年增長5%及11%,撇除一次性項目包括遞延所得稅重新計算及匯率變動,該行估計長建及電能的核心盈利按年分別增長3%及倒退8%,符合該行預期。至於兩企派息均按年增長1%,屬於小驚喜。
該行喜好長江基建,因其在監管及經營環境似乎會有改善的英國有更多業務,而管理層重申併購策略顯示有潛在正面催化劑。至於電能的資產組合稍為更防守性,不過其收購的彈性較少。
匯豐研究維持長建股份「買入」評級,目標價由56元降至55元;電能(00006.HK)股份評級則維持「中性」,目標價49元。(ek/k)
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