Gelonghui, April 14, 丨 United Energy Group (0467.HK) rose 8.75% to HK$0.87, temporarily traded HK$44.12 million, with a total market value of HK$22.6 billion.
According to CMB International's report, considering strong operating cash flow and maintaining a payout rate above 50%, the company's dividend rate is expected to reach 9% in 2022, with a target price of HK$1.4 and a “buy” rating. The bank also expects the group's production growth to accelerate in 2022-24, predicting an 83% year-on-year increase in net profit this year.