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《大行報告》花旗升神華(01088.HK)目標價至27.5元 去年派息比率達98%成正面催化劑
花旗發表報告表示,中國神華(01088.HK)2021年純利516億人民幣按年升44%,符合公司盈利指引,若撇除一次性撥備損失等因素後核心盈利錄562億人民幣,按年升56%,意味公司去年第四季純利達103億人民幣按年升216%(按季跌30%);神華去年第四季若撇除一次性因素後盈利錄156億人民幣按年升174%(按季升1%)。 該行表示,神華每股末期息派2.54元人民幣,即派息比率高達97.8%,按其上周五H股價計,股息回報率14厘,相信股息可成神華正面催化劑。 花旗稱,上調對神華目標價由24港元升至27.5港元,相當於預測今年市盈率8.9倍及市賬率1.2倍,維持「買入」評級,該行亦調高對神華2022年及2023年純利預測均4%,分別至513億及490億人民幣。(wl/k) ~
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