《大行報告》花旗下調中國海外(00688.HK)目標價至21元 評級「買入」
花旗發表報告指,中國海外(00688.HK)上半年業績略好過預期,在分析師簡報中公司維持樂觀的銷售額按年增長20%展望。公司上半年核心利潤為138.2億元人民幣,按年下降20%,略好過該行預期的131億元人民幣。
花旗認為,市場對中國海外利潤率壓縮的擔憂可以逐步緩解,因為在競爭減少下,更高投資回報率較高的項目可供開發,對於一間資產負債表強勁的國有企業而言是積極的因素。考慮到目前具吸引力的估值和可持續的4%以上股息率,重申「買入」評級。目標價由24元下調至21元。
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