大行評級|花旗:中國宏橋去年派息超預期 視其為行業首選並予“買入”評級
花旗發表報吿,指中國宏橋去年税後盈利及淨利潤分別為245億及224億元,按年升96%及95%,符合盈利預吿及創歷史新高。收入按年升17%至1560億元,受惠銷量上升及氧化鋁和鋁平均售價上升,意味去年下半年淨利潤按年升47%至132億元。扣除減值損失及公平值調整,去年下半年核心淨利潤按年升62%至161億元。報吿又指,公司在中期股息每股0.59港元,並派發末期息每股1.02港元,全年總派息每股1.61港元及派息比率63%,對比2023年的0.63港元及49%,兩者均高於該行預期。該行料鋁冶煉盈利率強勁情況在今年持續,受冶煉產能制約影響。該行視該股為行業首選,目標價15港元,評級“買入”。
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