《大行報告》美銀證券:兗礦(01171.HK)末季純利遜預期 雙位數股息帶來短期支持
美銀證券發表報告指,兗礦能源(01171.HK)發盈利預測,估計其去年純利錄得308億元人民幣,按年升89%,惟遜於該行預期的344億元人民幣,意味著去年第四季盈利或達37億元人民幣,按季跌60%,並未較該行原預期相差40%至50%。
該行表示,煤炭為期近兩年的牛市週期將於今年結束,並預計內地煤炭行將於今明兩年轉為過剩,以致煤炭庫存增加、以及煤炭價格,尤其現貨價格將會相應下跌。
美銀證券將兗礦能源目標價維持26.45元以及「中性」評級,但指雙位數股息可帶來短期支持。該行料兗礦能源2022年至2024年股息回報各達17.95厘、12.34厘及9.21厘。(ca/w)
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