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《大行報告》瑞信︰季度表現參差 維持和黃<00013.HK>「跑贏大市」 @ 2011-11-09T16: Back Hot News
Keyword:和黃
Concept:
此外,長建亦公布截至9月底止營運數據,今年首九個月收益為221.63億港元,按年升81.9%,第三季則升72%,至45.8億港元;首九個月未扣除融資成本、稅項、折舊及攤銷前盈利為128.59億港元,按年增66.6%,而第三季則為44.3億港元,按年升42%。和黃昨收報72.05元,跌0.139%。
【渣打輪證】和黃首三季收益升兩成五,留意和黃認購13474
市場關注歐洲經濟對和黃業務影響,主要業務第三季收益都按年增10%,惟零售及3集團EBITDA分別跌2%及9%(見表)。瑞信指市場原本以為歐洲經濟對和黃零售收益影響不大,但相信第四季才是零售旺季。
無論是零售、3G、或港口業務,和黃第三季的盈利增長都比首三季的數字為低,反映第三季業務不及上半年。當中歐洲零售業務第三季收益上升一成至24億美元,但EBITDA倒退2%至約2億美元;3集團的EBITDA更下跌9%,一反首9個月總體上升46%的形勢。至於港口業務第三季ebitda增長5%,惟幅度亦不及首三季的12%。

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