《大行報告》花旗降粵投(00270.HK)目標價至6.2元 股息率7.8釐爲本港公用股最高
花旗發表研究報告指,粵投(00270.HK)發盈警後股價下跌。集團預計去年純利按年跌35%,主要是受到房地產業務減值損失的拖累。該行表示,雖然減值於本質上屬於非現金,但公司仍可能會削減股息。
該行表示,由於房地產業務利潤減少,該行將2023年、2024年和2025年的盈利分別下調30.7%、3.7%和 4%,並保守地預計其每股股息爲每年0.4元,2023年預計派息率爲85%,2024至25年派息率則降至65%,以保留更多現金用於2030年更新東江水特許經營權。由於盈利削減,相應目標價亦下調約5%,由6.5元降至6.2元,維持「買入」評級。該行預計集團今年股息率爲7.8釐,屬香港公用事業公司中最高。
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