You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行报告》大摩料长和(00001.HK)上半年纯利按年跌26%至135亿元 维持「增持」评级
阿思达克 07-28 10:05
摩根士丹利发表报告表示,长和(00001.HK)今年以来股价跑输恒指21%,主因预期每股盈利和分派都均预测下降,但该行认为长和估值仍吸引,维持对其「增持」评级,以反映部份催化剂入账因素,同时认为公司今年上半年可以度过周期性谷底,维持目标价68元不变。

该行指,长和旗下铁塔业务可以比电讯公司有更高估值,若Vodafone成功分拆铁塔业务,可以推动公司估值每股增长7.8元。该行同时预期下半年每股盈利跌19%,因新冠肺炎疫情还未受控,所以即使内地零售、港口、电讯业务复苏,但仍估计下半年盈利录跌幅,该行预期长和上半年及全年分派降15%,分别为0.74元及2.7元。

大摩表示,看好欧洲经济,料今年欧元兑美元上升4%,对公司有正面作用。该行亦预期长和今年上半年纯利将下降26%至134.61亿元,经常性EBITDA及EBIT分别降20%及30%。

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of this article is for reference only. It does not constitute an offer, solicitation, recommendation, opinion or guarantee of any securities, financial products or instruments.The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance.
uSMART
Wealth Growth Made Easy
Open Account