《大行報告》瑞銀下調潤燃(01193.HK)目標價至35.5元 評級「買入」
瑞銀發表研究報告,重申潤燃(01193.HK)「買入」評級,惟將目標價由39元下調至35.5元。該行預期,集團將受惠於中國經濟的逐步復甦,導致今年銷量按年增長恢復至逾10%。鑑於去年的基數較低,該行預計今年的盈利將強勁增長25%,但其後增長將會放緩,又認為市場尚未考慮到天然氣量和天然氣利潤率的潛在復甦。
該行下調集團2023至25財年的每股盈測14%、12%及13%,以大致反映業績較預期差20%,相信今年股息應提高至每股1.3元,意味著2023財年的股息收益率為5%。
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