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《大行報告》摩通下調光大國際(00257.HK)和北控水務(00371.HK)目標價 反映疫情影響及關注現金流
阿思達克 05-12 10:03
摩根大通發表報告,下調光大國際(00257.HK)和北控水務(00371.HK)目標價及盈利預測,以反映新型肺炎疫情的影響,及未來兩年的現金流前景面對挑戰。

該行下調光大國際今年盈利預測5%,以反映其垃圾焚化和危廢處理的利用率較低。另外,因應用較低的經營盈利預測倍數(9倍降至8倍),反映可再生能源補貼的收款速度慢於預期,股份目標價由8元降至6.6元,評級「增持」。

摩通亦調低北控水務今明兩年盈利預測分別6%及12%,以反映疫情爆發期間集團的水務項目利用率較低,及明年水務改造項目和BOT建設活動的盈利增長較低。至於股份目標價由3.8元降至3.2元,評級「中性」。

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