高盛:港铁(0066.HK)短期负面因素已经反映 维持“买入”评级
高盛发表报告表示,与港铁(00066.HK)管理层举行了投资者会议,一如预期大部分投资者主要关注目前香港社会动荡、沙中线最新情况及租金谈判等方面。在过去的1至2周局势似乎已经趋于稳定,大部分车站已恢复正常服务。
港铁管理层预计,由今年7月至11月因社会事件而对公司带来16亿元的影响,更希望上述影响是短暂的,但部分业务亦难以在短时间内完全恢复到之前的水平,如车费收入及租金等。不过该行补充,港铁零售业务主要以本地消费为主,表现持续跑赢整体市道;同时,该公司已锁定显着地产利润(估计达560亿元),可以作为铁路相关业务进一步恶化的缓冲。
高盛补充,港铁现价已反映过去几个月本港社会动荡的不利因素,业务增长动力包括2023年有3个新商场开业及未来有7个新铁路项目开通等,目前风险回报率吸引,维持“买入”评级及目标价54港元不变。

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