You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
研報掘金丨華源證券:首予唐山港“買入”評級,公司經營穩健且分紅率可觀

華源證券研報指出,唐山港專注散雜貨裝卸業務,低負債穩經營支撐高分紅。近年來,公司戰略性剝離次級業務,聚焦主營業務提升盈利質量,通過謹慎的資本開支降低負債水平,支撐較高分紅水平。近5年公司平均分紅率超70%,未來分紅或有望繼續維持0.2元/股水平,股息率約5%。隨着秦皇島港向旅遊港轉型,公司有望承接部分秦皇島港轉移的煤炭貨量。此外,港口整合進一步改善公司的外部競爭環境,降低價格競爭的必要性,或釋放費率上升空間。鑑於公司經營穩健且分紅率可觀,首次覆蓋,給予“買入”評級。

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account