《大行報告》花旗升電能(00006.HK)目標價至50.5元 料受惠併購和利率下調
花旗上調對電能(00006.HK)目標價,由48元上調至50.5元,重申「買入」評級。
該行指,該股與美國10年期債息歷史關係系數達78%,美國減息帶來潛在價值重估。加上全球利率及通脹率高企下,准許利潤重設帶來的回報改善,以及若公司動用其20億美元進行潛在併購,可帶來的每股盈利上望空間,假設今年純利可升15%,均使該行看好該股。
該行又指,電能去年純利升6.3%符合預測,主要因來自英國業務貢獻增加。其6.2厘股息率屬不俗,且在淨現金下可持續。該行基於來自英國的更多收益假設,調整對電能今兩年純利預測5%至7%。
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