You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行報告》摩通相信中電(00002.HK)出售EnergyAustralia良好時機為今年下半年至明年上半年 料不會派特別息
阿思達克 06-26 10:03
摩根大通發表研究報告指出,中電(00002.HK)受惠於擬出售部分EnergyAustralia業務消息,該股過去兩個交易日跑贏大市約10%。雖然公司出售相關業務的確切時間難以預測,但該行相信公司並不急於達成交易,因無即時的現金需求,而澳洲業務基本面正在改善,因此該行預期中電出售該業務的良好時機為今年下半年至明年上半年。 估值方面,該行估計中電澳洲業務的資產淨值超過300億元,而前提是該業務未來一年預測市賬率至少需達至1.2倍。如果該業務開始實現盈利反彈,中電或能夠以更好的價格作出交易。 此外,該行認為,利率上升下,中電或為香港能源轉型的未來資本支出保留更多現金,今年不太可能派發特別息或立即提高派息。然而,公司部分出售澳洲業務交易如落實,將降低公司盈利波動性,並顯著降低負債率,從而增加其作為穩定收益投資的吸引力。該行的基本預測中電今年股息持平,並開始將每股股息從明年起提高至低單位數。對其目標價67.5元,評級「增持」。
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.
uSMART
Wealth Growth Made Easy
Open Account