研报掘金丨华泰证券:下调中国铁建AH股目标价,维持“买入”评级

格隆汇
Sep 11
华泰证券发表报告指,中国铁建上半年录得营收4284.38亿元,同比跌12.42%;归母净利86.90亿元,同比跌18.80%。其中第二季营收1968.56亿元,同比跌15.31%;归母净利42.97亿元,同比跌22.58%,略低于该行预期的48亿元,主要因收入端承压、财务费用增加及减值计提增加等。该行认为,公司持续转向高质量发展,夯实资产、优化费用、提升经营质量逐见成效,根据8月28日收市价,预计2026年股息率约4.18%,A/H股均维持“买入”评级。考虑到公司率先弱化规模、追求压实资产并转向高质量发展,该行给予A/H股2026年6.5倍及3.5倍市盈率,将目标价由10.18元及7.26港元,下调至8.26元及5.18港元。

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.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10