高能環境(603588.SH): 全年業績高增長可期 December 12, 2017 1036

投資概要

  • 四季度有望發力,全年業績高增長可期
  • 收購不及預期風險基本得到釋放;
  • 管理層增持釋放信心;

投資評級

總體而言,我們對土壤修複市場前景保持樂觀預期。高能環境在土壤修複領域具有較強的整體實力,同時也在危廢處置、垃圾焚燒領域加速佈局,業績持續增長動力充足。公司終止收購深投環保複牌後,不及預期風險已得到較大程度釋放,而且控股股東、監事及高管相繼增持公司股份向市場傳遞長遠發展信心。我們預計公司2017-2018 年歸母淨利潤分別爲3.24/4.77 億元,EPS 分別爲0.49 元/0.72,對應PE 分別爲25.6/17.4,給與12 個月目標價18.0 元,爲買入評級。(現價截至12 月8 日)

About the author

Profile photo of Wang Yannan

Wang Yannan
Phillip Securities (HK)

Graduated from the University of Science and Technology of China with a Masters degree in Management and major in Financial accounting and Economics throughout her academic study.

Currently Covering Environmental Protection and New Energy sectors as an analyst in Phillip Securities and focus on the macro policy,industry and fundamentals to explore the investment value.

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