《大行報告》匯豐研究薦皖通高速(00995.HK)及深高速(00548.HK) 調整公路股目標價
匯豐研究發表研究報告指,該行所覆蓋的高速公路股均預期今年公路通行費收入增長將與各省市經濟增長保持一致,但疫情明顯對營運商首季業績造成負面影響,期內除安徽皖通高速(00995.HK)外,其他所有地區的通行費收入均錄得按年下跌,跌幅介乎6%至24%,相信疫情持續爲全年的主要不確定因素。
但該行同時,預期當局將在疫情防控期間確保公路貨運暢通,認爲交通流量進一步下行的風險應該可控,而交通部加快審批及發放國家認可的車輛通行證等正面消息,料可會減輕疫情負面影響。
計及首季業績及疫情因素,匯豐研究將公路營運商今年的盈利預測下調0%至4%。由於收益率具吸引力,看好皖通高速及深高速(00548.HK),均予「買入」評級,目標價分別由8.9元及11.3元,下調至8.6元及10.7元,估計皖高速及深高速今年股息收益率分別達到10.1%及9.2%。
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