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大行評級|大和:上調崑崙能源目標價至8.15港元 但評級降至“持有”
格隆匯 08-28 11:16

大和的研究報吿指,將崑崙能源目標價由7.5港元升至8.15港元,評級由“跑贏大市”降至“持有”,認為公司在公佈上半年業績後的反彈已全面反映,並指催化劑有限。

該行認為,公司擁有穩健的資產負債表,截至上半年淨現金逾200億元,以及自由現金流多過其派息承諾,但同時亦指出今明兩年的股息率分別為4.3%及4.5%,與同業相比並不吸引,亦不認為公司會再進一步提高派息比率或在未來1.5年公佈2026年的派息計劃。故此,該行認為公司不會透過股東回報措施去提升股價。另據投資者反應,如公司股價接近8.5港元或以上,對沖基金的拋售壓力或會顯著增加。

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