《大行報告》花旗下調中鐵(00390.HK)目標價至6.5元 評級「買入」
花旗發表研究報告稱,中鐵(00390.HK)今年第二季業績較預期略為遜色,加上越來越多內房政策出台,對盈利前景維持審慎,料下半年盈利按年持平,維持「買入」評級;料其龐大積壓訂單,可支持較佳盈利可見度。
報告指出,中鐵2020年上半年業績跑輸同業,在去年同期低基數下,純利僅升12%,屬內地同業增長中最低之列;換言之,次季純利按年跌15%,屬唯一次季盈利下跌的主要基建商。該行料歸因於上半年中鐵收入增長遜同業,以及去年同期表現跑贏同業,構成更高比較基數。該行強調,中國建築國際(03311.HK)屬該行於內地基建行業的首選,並將中鐵目標價由7.2元下調至6.5元。
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