中银国际发表研究报告指,中国铁建正面临经营压力,去年收入及净利润分别按年下降6.2%及14.9%,今年首季延续跌势,收入与净利润分别跌6.6%及14.5%,符合行业周期表现,主要来自于地方政府回款延迟所带来的成本受压。该行预测中铁建2025年收入将可恢复3%按年增幅,净利润按年增长6.1%。考虑到销售管理费用及财务成本走势存在不确定性,中银国际基于较保守的2025年预测市盈率约4倍,将目标价从7.75港元下调至6.69港元,维持“买入”评级。
中银国际发表研究报告指,中国铁建正面临经营压力,去年收入及净利润分别按年下降6.2%及14.9%,今年首季延续跌势,收入与净利润分别跌6.6%及14.5%,符合行业周期表现,主要来自于地方政府回款延迟所带来的成本受压。该行预测中铁建2025年收入将可恢复3%按年增幅,净利润按年增长6.1%。考虑到销售管理费用及财务成本走势存在不确定性,中银国际基于较保守的2025年预测市盈率约4倍,将目标价从7.75港元下调至6.69港元,维持“买入”评级。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.