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》大摩升中通快遞(ZTO.US)目標價至27.7美元 提高股東回報支持估值
摩根士丹利發表報告指出,中通快遞(02057.HK)去年第四季業績符合預期,季內非通用會計準則(Non-GAAP)淨利潤22.14億元人民幣,按年增長4.4%,相對於該行及市場預期各為22.44億及22.21億元人民幣。剔除一次性減值及可扣稅影響,公司盈利按年增長超過20%。公司上季市場份額22.9%,按年增長0.8個百分點,按季增長0.3個百分點。 該行認為,對於中通快遞股東回報改善有警喜,公司派息率達40%,並採取半年度定期派息的政策,今年派息率預期不低於40%。除現有4.37億美元回購額度之外,公司將回購計劃擴大5億美元,並將回購計劃延長至2025年6月30日。管理層目標繼續提高股東回報。 此外,該行料中通快遞基本面前景不變,對其今明兩年的盈利預測略為下調2%至3%。考慮到公司H股獲納入港股通,加上提高股東回報支持估值,重申中通快遞(ZTO.US)為首選股,評級「增持」,目標價由24.5美元上調至27.7美元。
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