《大行報告》大和一舉升東風(00489.HK)評級至「持有」 目標價維持7.3元
大和發表研究報告,指東風集團股份(00489.HK)去年純利按年跌16%,符該行預期,輕微下調其今明兩年每股盈測0.7%,以反映去年業績和2023年盈利預測,並指其股價本年至今累跌約23%後,估值合理,投資評級由「沽售」連升兩級至「持有」,目標價維持7.3元。
報告稱,東風未派末期息,引起投資者關注。大和稱,由於其正申請A股上市,宣派股息將影響上市進展。東風早前曾指出在A股上市後三年內,分派比率將由過去介乎15%至17%,上調至不少於40%。據管理層稱,其A股上市申請正如期推進,料今年內成事。該行相信東風今年度將恢復派息,分派比率有機會達40%。
大和表示,隨著現有車款升級版本今年推出,加上日本合營品牌需求殷切,東風本田及東風日產將提振東風銷量增長,今年料按年分別升8%及10%。另東風旗下高端新能源車品牌嵐圖(Voyah)正按計劃發展,今年9月料推出首個車款;明後兩年料每年推出一個車款,其第四個新能源車款正屆開發階段。
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