《大行報告》花旗上調北京控股(00392.HK)目標價至34元 評級「買入」
花旗發表研究報告指,北京控股(00392.HK)去年經常性淨利潤按年跌4.4%至82.4億元,是由於水務和環保業務減少。該行重申集團的「買入」評級,因為在首次收到北京燃氣的股息後,其派息比率增長10.7個百分點至26.7%,公司的目標是逐步提高與同行相當的派息比率,這或會推動進一步的重新評級;該行將集團今年淨利潤預測上調1.4%,明年則上調5.6%,因其他經營開支減少,目標價相應增長13.3%至34元。
該行表示,今年北京燃氣在北京的銷量按年增長低於5%,但在北京以外地區則按年增長逾10%。其銷量目標是從去年的216.9億立方米上升到2025財年的250至260億立方米,相當於三年複合年增長率介乎4.8%至6.2%。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.