CGN Power Could Offer Value With Higher Cash Flow, Dividend Payout -- Market Talk
CGN Power Could Offer Value With Higher Cash Flow, Dividend Payout -- Market Talk
DJ CGN Power Could Offer Value With Higher Cash Flow, Dividend Payout -- Market Talk
DJ中廣核電力可以提供更高現金流和股息支付的價值-市場談話
0535 GMT - CGN Power is likely a good bet that can offer good value and returns for investors, thanks to its growing free cash flow and dividend-payout ratio, Citi says. It keeps the stock at buy and raises the target price to HK$2.20 from HK$2.02. The nuclear-power producer has proposed a final dividend of CNY0.08 for 2020, up 5.3%, while noting its commitment to keep raising the payout ratio over the next five years. Citi reckons CGN's dividend payments could grow to 52.2% of its profit by 2025. CGN's free cash flow also more than doubled in 2020, it adds. Shares are up 4.8% at HK$1.95. (yifan.wang@wsj.com)
0535GMT-花旗表示，中廣核電力可能是一個很好的賭注，可以為投資者提供良好的價值和回報，這要歸功於其不斷增長的自由現金流和股息支付率。該公司將該股維持在買入狀態，並將目標價從2.02港元上調至2.20港元。這家核電生產商提出2020年末期股息為人民幣0.08元，增長5.3%，同時指出其承諾在未來五年繼續提高派息率。花旗估計，到2025年，中廣核的股息支出可能會增長到利潤的52.2%。該公司補充稱，中廣核的自由現金流在2020年也翻了一番以上。該公司股價漲4.8%，報1.95港元。(yifan.wang@wsj.com)
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March 22, 2021 01:35 ET (05:35 GMT)
2021年3月22日東部時間01：35(格林尼治標準時間05：35)
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