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大行評級|傑富瑞:上調中國宏橋目標價至17.7港元 維持“買入”評級
格隆匯 03-17 17:13

傑富瑞發表研報指,中國宏橋2024財年淨利潤按年增長95%,符合預期。是次財報亮點在於派息超出預期,末期息每股1.02港元,意味下半年錄創紀錄的67%派息比率,繼上半年派息比率由50%提升至56%後,全年股息總計每股1.61港元,即63%的派息比率。該行預計,中國宏橋股價將因更高的派息比率而出現正面反應。

若鋁價因需求動能(包括電動車及太陽能)保持良好,中國宏橋預計將繼續交付穩健的業績,因單位利潤貢獻由氧化鋁轉向鋁。另外,煤價若出現超出預期的下跌亦將利好中國宏橋,若煤價下降每噸100元,可能使公司淨利潤增加10億元以上。該行將中國宏橋目標價由14.8港元上調至17.7港元,維持“買入”評級。

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