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《大行報告》匯豐研究下調粵投(00270.HK)目標價至7.2元評級「買入」 業績疲弱仍維持派息
匯豐研究發表報告指,內地環境及水務板塊中績符該行預期,考慮短期行業風險仍存在,該行在板塊中僅予粵海投資(00270.HK)「買入」評級,其中期純利按年跌14%,撇除單次性項目估算核心純利跌10%;報告認為粵投中績疲弱源於房地產銷售降價,在現時經濟環境下並不令人意外。包括本港及內地的水務經營維持韌性,同時其他周期性業務已見復甦,包括酒店等。 報告稱,雖然粵投中期純利下滑,中期息仍維持派18.71仙,並重申擬維持相對穩定派息政策。倘資本開支及現金流受控,該行料未來派息水平維持。報告降粵投目標價,由7.3元微降至7.2元。 匯豐研究另對光大環境(00257.HK)、北控水務(00371.HK)及海螺環保(00587.HK)各予「持有」評級,目標價分別3.1元、2元及2.3元。
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