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花旗:下調北控水務(0371.HK)目標價至4.55港元 評級“買入”
格隆匯 01-20 11:22

花旗發表報告指,因綜合水環境項目貢獻減少,下調對北控水務(00371.HK)的2019年至2021年盈利預測4%至5%,預期集團去年的純利將減速至低雙位數增長。花旗又將該股目標價由4.6港元輕微下降至4.55港元,評級維持“買入”

該行表示,雖然下調對北控水務的盈測,但喜好集團的業務戰略調整,認為將導致負自由現金流減少,及2019至2021年的負債增長較温和。

另外,花旗稱近期內地採取放鬆流動性的貨幣政策,加上板塊輪換亦可能對北控水務的股價表現有利,而股份目前估值並不昂貴,相當於今年市盈率7.2倍及市賬率1.2倍。

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