《大行報告》中金大升時代電氣(03898.HK)目標價75%至46.51元 評級「跑贏行業」
中金髮表報告,指時代電氣(03898.HK)季績未達該行預期,受累第三季鐵路行業投資按年減少。首三季收入按年下降13.7%至85.3億元人民幣(下同),純利按年跌19.7%至12億元。單計第三季,收入按年跌25.1%至32.3億元,純利按年跌37.3%至5.07億元。
中金指,由於今年以來鐵路行業的投資低於預期,將時代電氣今年的每股盈利預測下調24%至1.49元,並將明年的每股盈測定爲1.66元。考慮到IGBT(絕緣柵雙極晶體管)產能提升和替代燃料汽車行業需求的快速增長,將目標價提高75%至46.51港元,相當於2022年預測市盈率24倍,維持「跑贏行業」評級。
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