《大行报告》瑞信降新奥能源(02688.HK)评级至「中性」 目标价上调至130元
瑞信发表报告指,新奥能源(02688.HK)去年核心盈利为62亿元人民币,增长18%,符合去年第三季业绩时提供的指引。其中去年零售销气量按年增长10%,新接驳用户则下跌4%至230万,均符合预期,不过每立方米0.6元人民币的单位毛利,是稍低於管理层指引的0.61元人民币。
该行表示,於业绩电话会议上,管理层指引今年核心盈利增长超过15%;销气量增长逾15%;单位毛利稳定及新接驳240万。至於派息比率指引为35%。
瑞信降新奥能源股份评级,由「跑赢大市」下调至「中性」,目标价则由115元升至130元,并轻微调低集团今明两年每股盈利预测2%至3%。该行认为,集团股价过去半年已上升约60%,相信其目前相当於今年市盈率17倍的估值,对比同业的13倍至16倍稍高,建议等待更好的买入机会。
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.