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《大行报告》大和升电能(00006.HK)评级至「跑赢大市」目标价上调至57.9元
阿思达克 08-05 11:20

大和发表报告表示,电能实业(00006.HK)於8月1日公布中期业绩後股价跌2%,纯利和核心盈利分别跌8%及3%,不过仍然认为公司仍然是传统防守型股票中最好表现的股份,而在未来经济下行的情况下,防守型的股份亦是看好的类别。

该行指,电能管理层重申长远稳定派息为每股2.8元,加上该行预期公司的股息率可於明年扩0.6个百分点至2.9%,高於其平均值,而且相信母企长江基建(01038.HK)出售的可能性低,因长建可以4.8至5%的利息发行永续债,足以应付收购,公司亦指不会暂停收购项目。

大和指,预期电能2019至2021年股息率可达5.1%,高於同业2-4%,降每股盈利4%,以反映英国能源网路的盈利减少,但仍决定上调对电能的投资评级,由「持有」升至「跑赢大市」,目标价由54元升至57.9元,以反映海外业务的利息成本降低,以及派息前景。该行估计电能於2019年至2021年每股全年派息均为2.8元。

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