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《大行報告》匯豐研究下調中國中車(01766.HK)目標價至5.4元 評級「買入」
阿思達克 08-31 12:02
匯豐研究發表報告指中國中車(01766.HK)上半年純利按年增8%至485.8億元人民幣,較2019年同期仍低13%,相當於該行全年盈利預測約36%。其中非鐵路業務收入按年增25%,主要由風電設備付運強勁推動。根據公司管理層,今年鐵路相關設備需求遜預期。 市場對近期交通部批覆公司磁懸浮運輸研發計劃的消息反應積極,多個省政府已宣布磁懸浮計劃,但該行認為至少需要5-10年才能貢獻至中車的銷售。磁懸浮交通業務需時,該行相信短期收入增長動力主要來自包括風電設備及電動車組件等新業務。 該行下調20121-23年盈利預期分別9.8%、9.4%和2.7%,以反映上半年業績和鐵路設備銷售預估下調。維持中國中車「買入」評級,目標價由5.5元降至5.4元。
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