大行评级|里昂:下调港铁目标价至27港元 评级降至“持有”

金融界
Aug 21
里昂发表研报指,港铁上半年经常性溢利增长仍然疲弱,因为开支增长可能会拖累溢利,而收入仍然疲弱。该行下调2025和2026年经常性溢利预测28%/33%,资本开支上升亦可能令港铁2026及2027年经调整净负债权益比率分别上升至46%及55%。里昂指,以每年4.8%的股息率计算,认为港铁的风险回报不吸引,亦不排除会发行可转换债券,甚至股票的可能性。该行将目标价由30港元下调至27港元,评级由“跑赢大市”下调至“持有”。

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