《大行報告》花旗下調中國聯塑(02128.HK)目標價至18.8元 評級「買入」
花旗發表研究報告表示,預期中國聯塑(02128.HK)於2021年下半年的盈利將按年跌18%至19.36億元人民幣。該行指出,雖然房地產市場放緩,但公司重申對2022年塑料管道產能增長10%至15%的目標。
此外,花旗指中國聯塑預料2022年的資本支出達20億元人民幣,當中一半用作升級現有設施至自動化生產線,另一半將用於非塑料管道的業務,如建材、環保及家居。
於中國基建板塊,花旗偏好中國建築(03311.HK),其次是恆立液壓及中國聯塑。該行將中國聯塑2021至2023財年的盈利預測下調8%、2%及2%,以反映其去年下半年的毛利率較差的預期,將其目標價由19元下調至18.8元,但認為公司於2022年起將保持定價能力,評級「買入」。
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