《大行報告》花旗上調長建(01038.HK)目標價至54元 評級「買入」
花旗發表報告表示,長建(01038.HK)今年上半年純利按年升5%至30.11億元,符合市場預期;亮點是期內經營現金流按年升29%至43.6億元,派中期息0.69元,相當於股息收益率5.2%,屬吸引水平,更估計即使公共事務資產的回報在2021至2023年監管重置後最多減少25%,其每股派息料可維持。
該行又指,今年6月底止長建負債比率低於50%,料有併購機會而帶來潛在收益,基於稅率改變故下調其今年度盈利預測7%,但升2022至2023年度盈利預測8%至9%,以反映利好匯率因素。目標價由51元升至54元,重申「買入」評級。
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