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《大行報告》匯豐研究下調時代電氣(03898.HK)目標價至37元 降中國中車(01766.HK)目標價至5.6元
匯豐研究發表報告指,內地疫後重啟,本地交通需求顯著復甦,8月鐵路乘客運載量見歷史新高,按年升97%,年初至今運載量已超過2019年水平,相信趨勢在黃金周假期將會持續,根據國家鐵路集團數據,中秋及國慶假期首日的火車票,售出超過2,000萬張,佔總車票數量92%,已刷新紀錄。 報告指,國鐵集團今年全國鐵路固定資產投資目標7,600億元人民幣,年初至今已投資4,320億元人民幣,金額是過去年三年以來最高,但只達全年目標57%,國鐵集團有信心可達標,亦已籌備明年採購計劃,相信第四季會釋出更多動車組招標。 該行指,年初至今,中國中車(01766.HK)及時代電氣(03898.HK)股價分別下跌26%及27%,是市場擔心需求疲弱及供應過剩,但今年6月的動車組訂單將於第三季交付,將會反映時代電氣業務復甦,對公司的技術優勢有信心。該行因應對匯率的預測,將時代電氣目標價由38元下調至37元。中國中車目標價由5.8元下調至5.6元,維持兩者「買入」評級。
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