Workflow
垃圾焚化项目
icon
Search documents
中金:升光大环境(00257)目标价至5.2港元 上调股息预测
Zhi Tong Cai Jing· 2025-08-26 09:17
智通财经APP获悉,中金发布研报称,光大环境(00257)上半年营业收入同比下降8%,纯利跌10%,派 息同比增7%至0.15港元,派息比率达42%。该行预期,光大环境今明两年的资本开支保持稳健,但随着 中亚、东南亚地区的垃圾焚化项目拓展,海外业务资本开支占比或会有所提升。该行维持集团的盈利预 测,续予"跑赢行业"评级,又认为虽然集团中期盈利下滑,但自由现金流稳健,因此上调集团今年股息 预测至0.25港元,同比增长10%,并提升目标价8%至5.2港元。 (原标题:中金:升光大环境(00257)目标价至5.2港元 上调股息预测) ...
中金:升光大环境目标价至5.2港元 上调股息预测
Zhi Tong Cai Jing· 2025-08-26 09:09
Core Viewpoint - CICC reports that Everbright Environment (00257) experienced an 8% year-on-year decline in revenue and a 10% drop in net profit for the first half of the year, while increasing its dividend by 7% to HKD 0.15, with a payout ratio of 42% [1] Financial Performance - Revenue decreased by 8% year-on-year [1] - Net profit fell by 10% [1] - Dividend increased by 7% to HKD 0.15 [1] - Payout ratio reached 42% [1] Future Outlook - CICC expects stable capital expenditure for Everbright Environment in the next two years [1] - Anticipated increase in overseas capital expenditure proportion due to expansion of waste incineration projects in Central Asia and Southeast Asia [1] Earnings Forecast - CICC maintains its profit forecast for the group despite the mid-term profit decline [1] - Free cash flow remains robust, leading to an upward revision of the dividend forecast to HKD 0.25 for the year, a 10% increase year-on-year [1] - Target price raised by 8% to HKD 5.2 [1]