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大行評級 | 瑞信:維持時代電氣、中國通號跑贏大市評級,升中國中車目標價至3.62港元
格隆匯11月23日丨瑞信發表研究報告指,受疫情影響,電動動車組產量今年首十個月按年下跌50%,若疫情受控、防疫措施得以調整,假設鐵路動車組需求將恢復到200組,料將推動時代電氣(3898.HK)及中國中車(1766.HK)的銷售分別增長19%及26%。 瑞信認爲,時代電氣及中國中車透過多元化佈局已拓展新能源業務,預計2024年新能源相關業務收入貢獻將提升至30%及17%,行業首選爲時代電氣,其次看好中車及中國通號(3969.HK),又指出中車的股價較其五年平均水平折讓27%,股息率達到8%,極具吸引力。 瑞信將中國中車的投資評級從“中性”升至“跑贏大市”,目標價由2.75港元升至3.62港元;時代電氣及中國通號維持“跑贏大市”評級,目標價分別爲46.7及3.08港元。
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