《大行報告》瑞銀首予港燈(02638.HK)「買入」評級 目標價5.8元
瑞銀發表報告,首予港燈-SS(02638.HK)「買入」評級,目標價5.8元。該行看好港燈理由包括預計明年股息有10%的上升空間,而市場目前預期無增長,以及資產負債表正在改善,料淨負債對淨總資本比率在2028年將從50.8%下降至49.9%。
該行指,自去年中以來,由於宏觀因素如美國利率上升和香港市場整體疲軟和公司因素如被剔除出MSCI香港指數,令該股評級下降。瑞銀認為,港燈目前估值具有吸引力,並預計將於年底公布的2024至2028年度發展計劃的全部細節將成為潛在催化劑。
瑞銀預計,港燈將在明年增加每單位可分配收入至0.35元,意味著股息率為6%。港燈通常遵循五年派息模式,即每單位可分配收入五年不變,因此料2025年至2028年每單位可分配收入可能會保持不變。
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.