花旗升中电(0002.HK)评级至“买入”目标价上调至93港元
花旗报告指出,美联储或续减息,料可推动中电控股(00002.HK)估值,因股息及美国息口关系密切。集团上半年大部分经营溢利来自香港较低风险业务,料2019至2023年资产收益率达8%,期内资产规模每年增长4%。另外,来自澳洲的利润拖累了上半年表现,但相信下半年按半年呈改善,料相关经营溢利下半年按半年升27%至10.45亿元,足够弥补因零售电价削减而导致的收入减少。

该行指,基於澳洲业务利润减少,下调了中电2019至2021年盈测介乎约7%至12%。不过,集团上半年每股股息按年升3.3%至1.22元,相信随着香港业务利润增加,股息应可继续上升。截至今年6月底止,其净负债对资本比率仅为28.1%,几乎是过去五年来的最低水平。
花旗称,中电今年预测股息率达3.8%属体面,将中电目标价由91.5港元上调至93港元,评级由“中性”升至“买入”。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.