Market Brief

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Author

王富榮先生 (Chris Wong)
高級交易員

現任職輝立交易員,對投資大中小型股票均經驗豐富,亦擅於以窩輪、牛熊證操作。本人樂意為客戶提供投資分析及買賣策略。歡迎各位來電交流心得
Phone:
3925 9289

長江基建 01038.HK 收購成催化劑

Friday, December 14, 2018 Views1204

截至 6 月底止中期業績,長江基建錄得純利 59.42 億元,按年升 5%。若撇除去年上半年英國及澳洲之若干一次性收益賬項,基礎溢利較去年同期錄得雙位比率之增長。於期內之收入則按年升 39.2% 194.5 億元。集團於截至 6 月底顯示持有 96 億元現金,負債淨額對總資本淨額比率為 15.2 %

集團在 2017 年展現收購動力,相繼購入 DUETRELIANCE HOME COMFORT ISTA 項目。而集團亦正探討多個具潛力之收購方案,當中包括一個位於澳洲的大型項目。

經過 2017 2018 年進行幾個大規模收購後,其盈利增長理想及明確,澳洲天然氣管道公司 APA GROUP 的潛在收購亦帶來上行空間。現價往績市盈率 14 倍,息率 4%,於市況波動環境下,具防守性及吸引力。

買賣策略
買入: $57-58  收集     目標價: $62.5      止蝕價: $55

本人王富榮為證監會持牌人士。截至本評論文章發表日止,本人及/或其有聯繫者並無持有全部提及之證券的所有相關財務權益。

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