《大行报告》瑞银:兖煤(01171.HK)估值及股息回报吸引 维持「买入」评级
瑞银发表研究报告指,兖煤澳大利亚(03668.HK)早前公布2020年业绩,期内录得亏损蚀10.4亿澳元,以兖煤(01171.HK)持股兖煤澳洲约62%权益计,兖煤期内入帐的亏损约32.3亿元人民币。
该行指出,业绩表现负面或令市场失望,但去年度业绩较差主要是由於期内将沃特岗矿业整合至兖煤澳洲的一次性损失所致,预期兖煤2021年业务表现仍然稳健,并相信兖煤澳洲今年将可重新贡献盈利。
按照公司的承诺,兖煤派息率仍将维持在每股0.5元人民币以上,瑞银指,考虑到2021年盈利状况,股息率预期最低为8.3%,认为估值不贵且股息回报吸引,维持「买入」评级,目标价9.7元。
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