《大行报告》花旗:中电(00002.HK)去年营运盈利符预期 维持「买入」评级
花旗发表报告表示,中电控股(00002.HK)公布去年纯利按年跌65.5%至46.57亿元,若撇除因澳洲业务的一次性商誉减值63.81亿元後,其营运溢利按年下滑20.5%至111.21亿元,指去年营运溢利大致符合预期,仅轻微低於市场同业原预期0.3%,指中电派第四次中期息每股1.19元(按年持平),即其2019年每股全年股息3.08元(按年升2%),即派息比率为70.1%。
该行指,中电旗下本港业务去年盈利按年下滑13%至74.48亿元,因在新利润管制协议下,香港业务资产回报率降至8.24%。公司来自本港营运盈利占集团总体67%。该行指,中电旗下内地业务去年营运溢利按年升5.3%至22.77亿元。
花旗表示,维持对中电「买入」投资评级及目标价93元。
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.