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《大行》高盛升中國鐵塔(00788.HK)目標價至13元 料派息前景改善
阿思達克 08-11 12:02
高盛研究報告指,在中國鐵塔(00788.HK)公布上半年業績後,對其看法轉趨更正面,主要因派息前景改善,以及應收賬款結餘回穩帶動現金流正常化。然而,管理層未有就明年的折舊及利潤細節提供指引,部分投資者或視為負面訊號,因市場渴求有更清晰的盈利及股息能見度。該行估算,明年整體折舊費用將下跌至50億元人民幣。 另外,該行提到,集團上半年派息率按年升5個百分點至45%,每股股息按年增長22%,顯示公司增加派息的意願,相較於之前派息率增速緩慢,反映情況有所恢復。該行將其目標價由12.6元上調至13元,評級「中性」。
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