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交银华晨(1114.HK)派特别息金额符预期升目标价至11.5港元
格隆汇 07-26 11:52

交银国际发表报告指出,华晨中国(1114.HK)宣布派发特别股息每股0.74港元,因出售华晨宝马25%股权有关。该行估计华晨中国会分派出售所得款项290亿元人民币的51%,即每股特别息将有3.34港元,并于今年至2022年期间分派,但最终金额仍要视乎公司资本开资计划、现金水平及其他因素等。

该行认为,派发特别息股金额大致符合预期,有关的不明朗因素已消除,故将华晨中国目标价由原来的9港元,上调27.8%至11.5港元,维持“买入”评级。

该行指,虽然今年上半年华晨宝马销量增加26%,惟料上半年华晨中国盈利按年持平,主要由于经营商增加回赠,但相信可望于第三季改善。此外,公司旗下X3将成为上半年销量最大增长动力,下半年至明年新3系将成为其主要销量增长引擎,并预期今年全年销售量可达到增长16%的目标。

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