《大行報告》星展降港鐵(00066.HK)目標價至36.2元 疫後復甦步入正軌
星展發表報告指,港鐵(00066.HK)疫後復甦步入正軌,自去年初香港與內地全面通關後,港鐵核心業務如交通、站內商舖及商場營運,均按進度改善,將會支持持續業務收益,但在本港住宅市場疲弱下,未有項目透過招標推出,而新路線正逐步建設,負債比率將會上升。
報告指,核心業務在疫後改善,將會支持港鐵股價表現,但住宅樓價對未來盈利前景及股價有決定性影響。在過去六個月的沽壓下,現價較每股資產淨值折讓41%,對比歷史水平,估值屬吸引,目標價由45元下調至36.2元,評級「買入」。
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