本报告导读:高硫精焦煤销售占比大幅提升影响销售价格,预计2025H1 同比压力减缓;2024 年全年分红率达100%,现金流保障持续高分红率。投资要点:维持“增持”评 级。考虑到精焦煤下游需求影响价格,我们下调2025-2026 年净利润预测至13.03、14.14(-5.41、-4.65)亿港元,新增2027年净利润为15.24 亿港元。维持目标价3.19 港元,维持“增持”评级。业绩符合市场...
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