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《大行報告》瑞銀下調中鐵建(01186.HK)目標價至7.5元 評級「買入」
阿思達克 04-04 11:23
瑞銀髮表報告指,中鐵建(01186.HK)去年純利按年增長10%,大致符合該行預期。撇除非正常項目及永續票據利息費用,經常性純利錄4%增長。不過,集團去年經營現金流錄70億元人民幣的淨流出,對比2020年爲淨流入400億元人民幣。 瑞銀稱,管理層對今年新訂單增長及收入增長的指引相當保守,在業績會議上,管理層強調向清潔能源板塊的擴張,以及準備將適合資產以中國房地產信託基金(C-REITs)形式上市。展望未來,該行料中鐵建基建固產投增長將由去年的0%加快至今年的5%,當中公用及交通將是主要貢獻者。該行料中鐵建可從中受惠,而尚未被市場完全反映。瑞銀下調中鐵建股份目標價,由7.7元降至7.5元,評級維持「買入」,並輕微調低集團今年至2024年每股盈測介乎1%至2%。
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