大和:上調煤氣(0003.HK)目標價至14.7港元 評級“優於大市”
大和發表研究報吿指,隨着香港首季經濟復甦,餐廳限制放寬及疫苗接種人數上升,上調煤氣(0003.HK)2021年至2022年銷售量預測各為1.2%,料通脹升温將帶動公司今年底的煤氣費上升,預期今年每股派息率達5%以上,認為具有吸引力,將目標價由13港元上調至14.7港元,重申“優於大市”評級。
對於管理層早前表示,長遠而言計劃發展智能能源業務,該行表示,不會排除今年公司與隆基股份(601012.SH)和寧德時代(300750.SZ)組成合資企業的可能性,或成為股價的催化劑。
該行表示,公司於2020年至2023年的每股派息複合年增長率預測最少為5%,預期今年純利按年升15%,明年純利升11%,2023年純利升7%,而去年首季基數較低,預期今年上半年純利按年升逾20%,另外隨着公司在智能能源業務方面較進取的發展,預期分派紅股比例將會是20股送1股,亦不排除或出現10股送1股的情況。

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