《大行》瑞銀升招商局港口(00144.HK)目標價至17.5元 維持「買入」評級
瑞銀髮表報告,預計招商局港口(00144.HK)上半年經常性淨利潤將按年增加6%,主要由於集裝箱箱量的健康增長,以及國內和海外港口收費按年增加3-4%。然而,考慮到有不正常項目,包括2.98億港元金融資產/負債公允價值變動淨額,以及一家航運公司就其在去年上半年的多哥投資賠償3.17億人民幣,該行認爲公司上半年的淨利潤將按年減少9%。
瑞銀對招商局港口目標價由16.9元上調至17.5元,以反映貨櫃量較預期爲佳,上調2025至2027年純利預測1至3%;及無風險利率假設下的加權平均資本成本下降。維持「買入」評級。
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