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大行評級 | 美銀:重申中石化“買入”評級 料今年仍有高單位數股息率

格隆匯3月28日丨美銀髮表研報指,中石化(0386.HK)去年除税後純利同比跌8%至662億元(人民幣.下同),低於市場和該行預期;即去年第四季除税後純利同比跌31%、按季跌21%至890億元,主要由於期內錄得資產減值57億元。報吿重申“買入”評級,以反映集團將受益於中國經濟復甦及利潤率改善、今年股份回購計劃,以及預期今年仍有高單位數的股息率,H股目標價為4.8港元。

報吿指,中石化全年派息35.5分及42億元的股份回購金額,相當於分經比率達71%,以上週五(24日)H股收市價計,股息率達9.4%。報吿又提到,中石化向按發行價向控股股東中國石化集團發行22.39億股新A股,認購價為每股5.36港元,較A股上週五收市價拆讓18%,資金總額不超過120億港元,集資所得將用於清潔能源、高附加值材料等業務發展。管理層同時就進行今年的股份回購提呈一般授權計劃。

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