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《大行報告》匯豐研究上調光大水務(01857.HK)目標價至1.7元 評級「持有」
阿思達克 08-12 16:15
匯豐研究發表研報指,光大水務(01857.HK)上半年表現勝預期,主要來自期內建設工程量加快、再用水供應增加及污水處理量增加等。 上半年毛利率按年下跌2個百分點至40%,該行認為是由於期內利潤率較低的建設業務貢獻提升所致。匯豐研究指市場競爭維持激烈,或阻礙盈利增長,對光大水務維持「持有」評級。 但由於在手項目數目理想,以及期內盈利表現超出預算,該行將目標價由1.5元提升至1.7元,並將污水處理產量預測提升,預期2021至2023年建設業務毛利率亦會有所改善。
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