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《大行報告》大摩:煤氣(00003.HK)中績遜預期 料今年無望「送紅股」
阿思達克 08-22 16:06
摩根士丹利發表報告指,煤氣(00003.HK)中期業績遜預期,來自內地業務的收益令人失望,認為今年無望「送紅股」,予「與大市同步」評級,目標價8元。 報告指,上半年煤氣淨利潤為33.15億元,按年下降21%。扣除一次性項目後,該行估計經常性利潤為27.57億元,按年下降32%,低於其估計的31.64億元。 大摩指,煤氣未來三年的資本支出指引為300億元。今年上半年支出約30億元,下半年隨著太陽能業務擴張,預計將有更多資本支出。煤氣表示,鑒於未來有大量的資本支出,只有在盈利增長的情況下才會恢復送紅股。由於煤氣認為今年的盈利持平或略有下降,因此大摩認為今年不太可能送紅股,並預計今年盈利將按年下降14%,是市場預測中最低。
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