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《大行報告》摩通下調內地基建股目標價 首選中交(01800.HK)及中鐵建(01186.HK)
摩根大通發表報告指,內地龍頭基建股中國中鐵(00390.HK)、中鐵建(01186.HK)、中交建(01800.HK)、中國建築(03311.HK),自5月以來跑輸大市,平均下跌約25%,跌幅較同期國企指數跌幅7%更大,主要因為外界關注當局收緊對政府和社會資本合作項目的審查,不過在這些公司近期的分析員會議中,管理層認為市場過份憂慮,第三季在中國及香港的基建活動已回升,ROE及現金流持續改善,該行對盈利預測作出輕微下調,但維持四間公司的「增持」評級。 該行認為下半年相關股份的股價改善,在一帶一路政策下,海外發展是其中一個催化劑,首選中交建及中鐵建。當中中交建目標價由8.2元下調至6.8元,中鐵建目標價由10.3元下調至8.9元。
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