研報掘金丨國信證券:維持新奧股份“優於大市”評級 承諾26-28年分紅比例不低於50%
國信證券研報指出,新奧股份(600803.SH)24年營收相對平穩,衍生品套期保值和匯兑損失減少致扣非歸母淨利潤明顯增長,維持“優於大市”評級。公司擬以新能香港作為要約人,在先決條件達成後,向計劃股東提出私有化新奧能源的方案。協議生效後,每1股新奧能源股份可兑換新奧股份新發2.9427股H股及新能香港24.50港元/股現金,按照新百利估計新奧股份H股估值中值計算,以股份及現金支付的總對價約為80港元/股,較新奧能源當前股價有34.57%的溢價。另外,24/25年固定分紅疊加特殊分紅,承諾26-28年分紅比例不低於50%。
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