You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行報告》花旗下調中車時代(03898.HK)目標價至38元 評級「沽售」
花旗發表報告,維持中車時代電氣(03898.HK)股份「沽售」評級,目標價由40元降至38元,並調低集團今明兩年盈利預測分別5%及9%,以反映內地鐵路投資持續疲弱,令集團的鐵路設備收入預測降低。 該行表示,中車時代確定A股上市發售價為每股31.38元人民幣,預期A股上市完成後,集團的估值會下降,與中港雙重上市的中芯(00981.HK)及中國通號(03969.HK)類似。 花旗認為中車時代科創板上市屬負面催化劑,因A股集資所得主要用於發展鐵路業務,而不是IGBT新能源晶片相關業務;A股上市價相當於今年預測市盈率16.7倍,較過去一季平均市盈率折讓24%,相較H股估值而言實屬較低,遑論其他科創板上市IPO。最後,A股科創板上市將導致16.7%盈利攤薄效應。
Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account