智通财经APP获悉，摩根大通发布研报称，长和(00001)上半年核心业务均录得稳健增长，基础盈利同比升11%，中期股息增长3%，港口、零售、基建及电讯业务EBITDA分别增长10%、12%、6%及12%。管理层透露港口资产交易进展顺利，虽然预期最快都要到明年才能完成，但强调交易已进入引入中国策略投资者的新阶段，相信交易有合理可能性会获批。惟小摩提醒，长和现价水平已反映市场对港口交易获批的预期。考虑到集团业务增长确定性提高，该行将其目标价由54港元上调至58港元，维持“增持”评级。
小摩又预期，即使长和完成港口交易，也可能只会运用所得收益约10%至20%用作特别息分派。截至6月底，长和净负债率从去年底的16.2%降至14.7%，管理层透露倾向将资金运用于具增值潜力的欧洲基建项目并购，但在地缘政治不确定性下将保持审慎财务方针。
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