恒安国际(1044.HK):2024年分红大幅提升 看好2025年稳健增长

国泰君安
31 Mar

本报告导读:2024 年收入较为稳健,利润略有承压,派息率同比大幅提升,预计2025 年市场份额有望持续提升,毛利率有望改善。投资要点:投资建议:考虑到2024年原材料价格波动导致公司毛利率承压,我们调整2025-2026 年、新增2027 年公司归母净利预测为23.8/26.1/28.3 亿元人民币(调整前2025-2026 年分别为30.1/32.0 亿元),现价对应PE 分别为10/9/8 ...

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