中信证券:首予粤海投资(00270)“买入”评级 目标价8.00港元

智通财经网
Feb 21, 2025

智通财经APP获悉,中信证券发布研报称,首次覆盖粤海投资(00270),给予“买入”评级,目标价8.00港元。公司核心业务水资源板块经营稳定性极强,地产及物业板块2023年计提减值充分,以2024年为起点,公司业绩重回上升周期。

该行称,考虑资本支出规模或将收缩,以及需为新一轮东深供水项目续约储备资金但公司仍具备高派息能力,预计2024~2026年股息率为6.6%/7.0%/7.4%;剥离地产开发业务提升公用事业属性纯度,在经营风险下降和美债收益率有望下降等推动下,预计公司估值有望重新扩张。

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