粤海投资(0270.HK):实物分派剥离粤海置地 价值重估可预期

国泰君安
11 Dec 2024

本报告导读:粤海投资拟以实物分派的方式宣派特别股息,剥离粤海置地,超出市场预期。剥离地产业务,卸下包袱,聚焦水务主业。压制公司估值的因素消除,价值重估可预期。投资要点:事件:粤海投资拟以实物分派粤海置地股份的方式宣派特别股息。点评:维持“增持”评级。我们维持对公司2024-2026 年的预测净利润分别为36.9、41.4、44.5 亿港元,对应EPS 分别为0.56、0.63、0.68 港元,维持...

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