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《大行報告》瑞信將東風集團(00489.HK)目標價上調至11.8元 評級「跑贏大市」
阿思達克 11-10 15:56
瑞信發表研究報告指,東風集團(00489.HK)公布將會自其股份在A股上市後的三年內,把其派息比率由現時的15%升至不少於40%。該行又引述公司指,其A股IPO有機會在今年底前完成,意味其派息比率在2020至2022年有機會提高至不少於40%。

該行又指,公司管理層指引其A股發行價不會低於每股15元人民幣,即現時其賬面價值,有見與公司的H股最新股價8.12元存在約54%的巨大差距,管理層認為高派息比率將會提振H股股價,從而促進A股上市。

該行將公司2020至2022年的派息比率預測由原來的30%上調至40%,因此目標價由原來的10.8元上調至11.8元,並認為2021年的股息率預測升至9.4%將會觸發再評級。維持公司「跑贏大市」投資評級。

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