《大行報告》摩通降中聯重科(01157.HK)及龍工(03339.HK)評級至「中性」 下調濰柴(02338.HK)至「減持」 降目標價
摩根大通發表報告,下調內地機械設備股投資評級與目標價。其中中聯重科(01157.HK)及中國龍工(03339.HK)投資評級由「增持」降爲「中性」,前者目標價由13.7元降至7.7元;龍工則由3.2元降至2.4元。濰柴(02338.HK)投資評級由「中性」降爲「減持」,目標價由14.2元降至13.2元。
報告指出,內地建築設備及泥頭車需求展望好壞參半,影響因素包括恆大(03333.HK)債務危機引發的房地產界流動性衝擊、中國限電導致商品成本上漲、政策收緊導致今年以來基建活動放緩。但經濟放緩亦引發政策調整,該行留意到礦業活動提速以解決電力短缺,基建活動在特別地方債發行後復甦。該行基於有關因素調整對相關股份今明兩年的展望。
該行因應房地產業建築活動放緩及信貸收縮,物流活動放緩及第四季起基建需求溫和上升,預計明年挖泥機及重型卡車需求分別按年持平及下跌17%,差於今年的分別上升8%及下跌7%。對相關企業今明兩年盈利預測分別平均下調13%及16%。
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