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大行評級丨里昂:香港綜合企業今年有望實現4%股息增長 將第一太平列為首選
格隆匯 01-06 10:38
里昂發表研究報吿指,其覆蓋的香港綜合企業今年經常性盈利或增長8%,令整體普通股息或實現4%增長,達到約41億美元,可推動一眾綜合企業價值重估,又指行業股價較每股資產淨值折讓40%,相信今年會迎來股價正面催化劑,繼續將第一太平列為首選股,給予“跑贏大市”評級,目標價由6.3港元微升至6.4港元。該行指,第一太平須於2027年1月前分拆菲律賓聯號公司Maynilad上市,從而符合監管要求,目前有50%機率會於今年內完成分拆,另外公司亦有可能會分拆收費公路業務,認為其風險回報水平吸引。另外,該行亦認為長和風險回報水平同具吸引力,憧憬長和可能會分拆歐洲電訊業務,因此投資者要對長和抱有一定耐心。里昂對長和評級亦為“跑贏大市”,目標價61港元。以現價計算,里昂指太古股份風險回報未算吸引,基本預測該公司未有分撥經常性開支用於回購,予“持有”評級,目標價70港元。
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