《大行報告》大摩料長和(00001.HK)去年每股盈利及派息均可按年升15%
摩根士丹利發表研究報告,指出長和(00001.HK)將於3月17日公布去年業績,該行預測其去年純利及每股派息均可按年升15%,分別至332億元及每股2.65元,料意味其股息收益率約4.4%,但仍較2019年低出16%。
該行預測,長和去年下半年基本純利按年倒退16%至148億元,主要受累於歐洲3集團(EBIT按年跌35%)及零售業務(EBIT按年跌16%),但港口業務(EBIT按年增長76%)帶來好轉。預期長和去年的自由現金流將低於5億元。
大摩將長和去年經常性每股收益及股息預測分別下調8%及7%,將零售和電訊業務EBIT分別下調6%及12%,上調其港口業務EBIT約10%,能源業務EBIT亦下調15%,以反映Cenovus去年業績。該行又將長和去年的財務成本預測提高5%。
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