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交银国际:维持中集安瑞科(03899)“买入”评级 目标价降至9.04港元

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交银国际发布报告称,维持中集安瑞科(03899)“买入”评级,未来盈利仍靠清洁能源板块成长,目标价由9.82元下调7.94%至9.04港元。

报告中称,2023年清洁能源板块的收入及毛利分别增长41%及44%,高于预期,相信该板块仍处于较快的增长期。集团提高末期息25%,全年分红比例同比增长8个百分点至49%。

该行预计,集团未来三年盈利复合增长约11%,略微下调集团2024年每股盈利预测1%。另认为其年内催化剂预期是化工板块的收入转稳,或氢能板块的产品或合作有所进展。

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