《大行報告》匯豐研究下調中集安瑞科(03899.HK)目標價至9.8元 評級「持有」
匯豐研究發表研報指,中集安瑞科(03899.HK)去年業績增長強勁,利潤按年增長52%,略低於該行預期,主要由於原材料成本較高及匯兌影響。
報告指出,新業務正在推動增長,市場對氫氣和環境保護需求上升,作為煤炭的更清潔替代品,儲氣庫需求保持穩定。
但該行亦指出,預期今年增長轉為正常化,在業務投入增加的影響下,將今明兩年毛利率預測下調至14.5%及15%,並將盈利預測下調7%至9%,目標價由10.2元相應下調至9.8元,維持「持有」評級。
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