《大行》美银证券降中燃(00384.HK)评级至“跑输大市” 目标价下调至6元

阿斯达克财经12-02

美银证券发表研报指，中国燃气(00384.HK) 上半财年每股核心盈利逊预期21%，考虑其销量表现疲弱及潜在减值导致盈利能见度降低，将其评级从“中性”降至“跑输大市”，并指出其2025财年自由现金流目标30亿港元，或不足以支持利息开支及股息分派。该行认为，预测约7.8%的股息回报率，在自由现金流不佳的情况下并不吸引，基于燃气成本下降周期延迟，导致燃气销量趋弱，以及减值的影响，将2025至2027...

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