汇丰研究发表研报指，内地三家国有承包商中国中铁(00390.HK) 、中交建(01800.HK) 及中铁建(01186.HK) 今年上半年收入按年下跌3%至8%，纯利跌幅则介乎3%至13%，新签订合约增长均放缓，相信与当局管控新项目、地方政府财政紧绌以及地方政府特别债券(LGSB)发行减慢等有关。
然而，汇丰研究亦指出，虽然内地建筑商整体表现疲弱，但在新能源、新材料、环保等新兴业务的新签合约仍稳定增长，海外业务亦向好，中交建目标今年全年海外业务为总收入贡献约20%，中铁建管理层亦表明将坚持海外优先战略，所有建筑承包商都相信全年经营性现金流可转为正数。
基于上半年业绩表现，汇丰研究将中铁建、中交建及中国中铁目标价分别由6.7元、5.6元及5.3元，下调至6.3元、5.4元及4.9元，维持“买入”评级，行业首选为中国建筑国际(03311.HK) ，憧憬中国建筑将提高派息比率，维持目标价12.6元及“买入”评级不变，同时预期中交建或会开始派发中期股息。(gc/a)(港股报价延迟最少十五分钟。沽空资料截至 2024-09-05 16:25。)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.