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《大行》匯豐研究升長和(00001.HK)目標價至60元 港口交易現進展
匯豐研究發表研報指,長和(00001.HK)港口業務出售計劃有新進展,宣布擬引入內地戰略投資者加入財團。該行預料將提升交易靈活性及成功機會,若交易成功達成有助釋放公司價值,所得款項可能接近長和市值規模,樂觀情況下公司或會派發特別股息,因此維持「買入」評級,目標價由53元上調至60元。 匯豐研究指出,長和現正與財團成員商討引入主要內地戰略投資者,預計需時完成新交易架構,對於該交易而言屬正面進展。而業務表現方面,該行認為近期匯率走勢利好長和盈利前景,指出年初至今歐元及英鎊兌美元升值7%至13%,有利其以港元計價的業績表現,港口業務受惠上半年提前出貨,預料表現良好,全球零售業務改善亦可抵銷內地及本港市場的疲弱。另外,集團基建旗艦長江基建(01038.HK)過去12個月已完成三項收購,預期將帶動盈利增長,未來亦可能有更多併購機會。
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