海通国际:维持安能物流(09956)“优于大市”评级 目标价11.60港元

智通财经
Sep 09, 2025

智通财经APP获悉,海通国际发布研报称,安能物流(09956)是快运行业龙头企业,业务结构和利润持续优化。该行调整此前盈利预测,预计公司25-27年归母净利润分别为8.88/10.40/12.08亿元,对应EPS分别为0.75/0.88/1.03元。参考可比公司估值,该行给予公司2025年14倍PE估值,对应目标价11.60港元,维持“优于大市”评级。

安能物流发布2025年中期报告指,2025H1收入为56.25亿元,同比增长6.4%;毛利为8.80亿元,同比微增0.2%;经调整净利润4.76亿元,同比增长10.7%,业绩符合预期。公司宣告分派中期股息每股0.1572港元和特别股息每股0.0393港元,合计每股0.1965港元,合计分红率54%,高于市场预期,显示了管理层对股东回报的重视。

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