摩根大通研究报告指,覆盖中国建筑国际(03311.HK) ,予“增持”评级,目标价由12.1元上调至15元。该行认为集团在国内的工程与建设行业中有独特地位,因其有约45%的收入来自现金流稳定的香港和澳门,而集团善用先进技术以捕捉市场机会,加上其不参与房地产开发项目。
该行认为中国建筑国际存在重评的机会,并将其目标市帐率定为1倍,相较于之前为0.7倍,高于行业平均水平,因集团有卓越的盈利表现,去年股本回报率为15%,相对于主要同行为6%至9%,派息比率为33%,而同行则为16%至22%,另外集团的营运现金流状况亦有改善。(ss/j)(港股报价延迟最少十五分钟。沽空资料截至 2025-06-05 16:25。)
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