《大行報告》大摩相信中煤能源(01898.HK)股價15日內有逾八成機會下跌
摩根士丹利發表技術研究報告,料中煤能源(01898.HK)股價15日內將下跌,發生概率逾80%,目標價5.8元,評級「減持」。
報告稱,即使中煤去年純利勝該行預期8%,但其派息比率僅30%,遠低於市場60%的高預期,每股末期息44.2分人民幣,股息率相當於5.9%,低於同業神華(01088.HK)及兗礦能源(01171.HK)的料介乎7%至10%(以最低分派比率60%爲計算基礎)。
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