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《大行報告》麥格理上調統一(00220.HK)目標價至12.3元 評級「跑贏大市」
阿思達克 03-09 13:07
麥格理發表報告,指統一企業中國(00220.HK)受惠棕櫚油價格回落及今年春節較早來臨,估算其去年末季純利達7,600萬元人民幣(下同),勝該行預期的5,400萬元。公司對今年展望樂觀,收入料有雙位數增長,及來自棕櫚油價格回落帶來的成本減省。 統一宣派未期息每股33.95分,意味分派比率120%,惟低於該行預期的150%水平。統一管理層指有信心今年維持高分派比率。 該行料統一今年首季屬過渡期,次季起料見強勁增長。考慮成本通脹回落及出售土地一次性收益,上調統一今明兩年盈測分別20.8%及15.8%。重申「跑贏大市」評級,目標價上調23%,由10港元升至12.3港元,相當於預測今年市盈率25倍。
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