《大行報告》瑞銀下調粵投(00270.HK)目標價至12.5元 評級「買入」
瑞銀髮表報告,維持粵海投資(00270.HK)股份「買入」評級,目標價由17.1元降至12.5元,以反映2020財年業績表現疲弱,經常性純利較該行預期低20%;房地產業務的稅率提高;及目標價延展至明年。但部分被較預期快的供水能力增長抵銷。
該行繼續喜好集團的供水業務,因其提供穩定的現金流及增長,而來自房地產業務的壓力相信已大致在股價上反映。
瑞銀認爲,粵投股價年初至今下跌了約30%,其股息收益率達6%,具有吸引力,相信集團今年首九個月持續盈利增長5%可爲股價表現提供部分支持。
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