《大行报告》大和一举升东风(00489.HK)评级至「持有」 目标价维持7.3元
大和发表研究报告,指东风集团股份(00489.HK)去年纯利按年跌16%,符该行预期,轻微下调其今明两年每股盈测0.7%,以反映去年业绩和2023年盈利预测,并指其股价本年至今累跌约23%後,估值合理,投资评级由「沽售」连升两级至「持有」,目标价维持7.3元。
报告称,东风未派末期息,引起投资者关注。大和称,由於其正申请A股上市,宣派股息将影响上市进展。东风早前曾指出在A股上市後三年内,分派比率将由过去介乎15%至17%,上调至不少於40%。据管理层称,其A股上市申请正如期推进,料今年内成事。该行相信东风今年度将恢复派息,分派比率有机会达40%。
大和表示,随着现有车款升级版本今年推出,加上日本合营品牌需求殷切,东风本田及东风日产将提振东风销量增长,今年料按年分别升8%及10%。另东风旗下高端新能源车品牌岚图(Voyah)正按计划发展,今年9月料推出首个车款;明後两年料每年推出一个车款,其第四个新能源车款正届开发阶段。
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