《大行報告》大摩華晨(01114.HK)派特別息每股0.74元仍為首選股之一
摩根士丹利發表報告表示,華晨中國(01114.HK)宣布派發特別息,會向於8月8日名列公司股東名冊的股東派發特別股息每股0.74元。公司過去每年均維持派息每股0.11元,加上特別息每股0.74元後,合併股息為每股0.85元,意味派息比率達65%,遠高於同業及過往水平。
該行指,華晨中國過去多次重申會將向德國寶馬車廠(BMW)出售華晨寶馬25%股權後所收取的現金派發特別息。假設該筆款項會在2022年收取,並計及25%的資本利得稅,估計每股價值6元,預期最少有50%的現金會用作派息特別息,意味最少每股3元。
大摩表示,維持華晨中國「增持」投資評級,並是該行的首選股之一,維持目標價12元,此按現金流折現率作估值,意味仍有31%的上行空間。
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 this article is for reference only. It does not constitute an offer, solicitation, recommendation, opinion or guarantee of any securities, financial products or instruments.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.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance.