《大行》匯豐研究降北控(00392.HK)評級至「持有」 估值重回合理水平
匯豐研究發表研究報告指,北京控股(00392.HK)年初至今表現跑贏大市,年內股價累計上升24%(對比同業介乎下跌30%至上升17%),認為經歷一段升浪後,以預測股息回報率5.1%計,其現價估值已重回合理水平,因此將評級下調至「持有」,目標價則從31.6元上調至33.9元。
該行指,北京市天然氣分銷價格成本審查將推動天然氣業務長遠改善,加上天津LNG接收站產量提升,將2025至2026年盈利預測上調1%至2%,但原預期於3月份完成的審查,至今尚未見最終結果,因此預期天然氣業務改善的時間表亦將延後。
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