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《大行報告》瑞信上調長和(00001.HK)目標價至77元 評級「跑贏大市」
阿思達克 08-06 10:31
瑞信發表報告指,長和(00001.HK)今年上半年純利按年增長41%至183億元,收入則按年上升12%。集團宣派每股0.8元股息,意味派息比率為16.8%。 該行表示,在經濟活動開始正常化下,集團港口及零售業務均較去年有強勁反彈,不過「3歐洲」則受到負面影響,主要由於意大利競爭加劇,以及顯著投資於資料科技及推出5G,使資產基礎提高令折舊及攤銷增加。至於基建業務則保持穩定。 瑞信上調長和股份目標價,由74元升至77元,評級維持「跑贏大市」,並調升集團今年盈利預測6%,明年則降低4%,以反映最新的業務更新。該行認為,下半年集團核心業務會維持復甦路徑,而匯率的利好亦可能繼續。現估值相當於今年預測市盈率6倍屬吸引,股息率則約5.5%。
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