康達環保(6136.HK): 全年增長較爲確定,估值有待修複 October 18, 2017

投資概要

  • 新增汙水處理規模快速增長;
  • 陸續中標多個PPP 新項目,項目儲備增厚;
  • 估值遠低於同業,安全邊際充足;

投資建議

上半年公司股價已充分調整,下半年在建設收益快速增長的帶動下,全年有望實現 30%的業績增長目標,股價具備上行空間。我們預測公司2017/2018 年歸母淨利潤分別爲4.53/5.70 億元,給與“買入”評級,目標價爲2.87 港元。(現價截至10 月16 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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