中國宏橋(01378.HK)曾漲8%創新高 發盈喜料中期多賺約35%大行齊唱好
中國宏橋(01378.HK)發盈喜料中期多賺約35%,今日(24日)股價創新高,曾漲8.2%高見17.28元。現報16.9元,升6.29%,成交3,125.22萬股,涉資5.3億元。
中國宏橋上日(23日)收市後公布,預計6月底止六個月淨利潤可能較上年同期增加約35%。主要因集團鋁合金產品及氧化鋁產品銷售價格均較2024年同期上漲,銷售量亦有所增加。受惠積極因素,相關產品毛利實現增加。
瑞銀表示,若假設可轉債公允價值損失為11億元人民幣,中國宏橋2025年上半年的核心盈利超出該行的預測5%,也超出市場共識預期4%至8%,料投資者反應正面,評級「買入」,目標價16.5元。
美銀證券估算,中國宏橋上半年淨利潤為124億元人民幣,達到市場全年共識預期的57%,超出預期。若假設中期派息比率持平為56%,則每股股息約為0.745元人民幣,即中期股息收益率為5%。上半年最終盈利可能高於盈喜,因近期鋁價呈上升趨勢。維持對宏橋的「買入」評級,基於該行對鋁價的樂觀看法及穩健的股息收益率。目標價16元。
大摩表示,中國宏橋中期盈利高於預期,料今年下半年盈利韌性持續,較高的派息比率和收益率是吸引投資者的其他亮點,維持「增持」評級,目標價18.5元。
花旗估計,中國宏橋第二季度淨利潤為53億元人民幣,按年增長3%,按季下降11%,略高於該行的預期。假設派息比率為60%,估計中期每股股息為0.86港元。維持「買入」評級,目標價21元。
富瑞指出,中國宏橋上半年盈利高於該行預測的115億元人民幣,而且經營利潤可能高於盈喜所指,評級「買入」,目標價17.7元。
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