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《大行報告》大和升潤燃(01193.HK)評級至「跑贏大市」 目標價下調至25元
大和發表報告指,華潤燃氣(01193.HK)今年上半年純利錄35.45億元,按年增長16%,不過公司於上半年由重慶燃氣重組中獲得約7億元收益,因此核心利潤計料按年減少6%至28.5億元,若計及人民幣貶值6.3%後則按年持平,僅僅符合已下調的市場預期。 不過,該行提到,潤燃今年股息收益率料達5.6%,對比同業新奧能源(02688.HK)僅有4.4%,因此估值似乎被低估。 大和將潤燃股份評級由「持有」升至「跑贏大市」,目標價由27元下調至25元,反映人民幣走弱以致該行將集團明年及2025年每股盈利預測調低7%至10%。
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