《大行報告》大和上調電能(00006.HK)評級至「買入」 目標價升至52元
大和發表研究報告,上調電能(00006.HK)投資評級,由「跑贏大市」升至「買入」,目標價則由49元升至52元。該行稱,電能決定增加去年每股分派0.3%至2.81元,料未來每股分派有望持續增加。
考慮電能每年經營現金流介乎54億至55億元,惟每年股息支出約60億元所形成的缺口,市場或質疑電能持續增加每股分派的能力,但大和認為,電能透過利用其信貸評級擴大槓桿提振每股分派增長不是難事。
該行亦留意英鎊及澳元升值,以及2021年度起赫斯基能源每年帶來逾5億元股息,將協助電能補充缺口。倘市場確認電能未來每股分派增加的定位,料有望迎來估值重評,電能約6.3%的股息收益率,較長建介乎5.4%至5.5%水平為佳。
大和表示,電能強勁信貸評級意味其略為增加每股分派不會對財政狀況產生實際影響;在融資成本低企下,電能未來亦有望參與大型併購。
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.