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大摩:予中煤能源“减持”评级 目标价5.8港元

Damo: Target price of HK$5.8 for China Coal Energy's “holdings reduction” rating

新浪港股 ·  Mar 22 04:18

Morgan Stanley released a research report saying that it is expected that the stock price of China Coal Energy (01898) will fall within 15 days. The probability of occurrence is over 80%. The target price is HK$5.8, and the rating is “reduced holdings.” Even though China Coal's net profit surpassed the bank's forecast of 8% last year, its payout ratio was only 30%, far below the market's high expectations of 60%. The final dividend rate of 44.2 cents per share is equivalent to 5.9%, lower than that of the same companies China Shenhua (01088) and Yankuang Energy (01171), which are expected to reach 7% to 10% (based on a minimum distribution ratio of 60%).

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