According to the research report released by Bank of America Securities, based on the dividend commitment of Beijing Enterprise (00392), it is currently expected that the dividend per share for the whole year will be the same as last year. It reiterates a "buy" rating and predicts a dividend return rate of 6%, 7.2%, and 7.9% from 2024 to 2026, and the target price is lowered from HKD 32.6 to HKD 32.

The bank predicts that the company's core profit performance in the first half of this year will be flat year-on-year, reaching about 3.5 billion yuan. Due to the reversal of impairment of about 0.6 billion yuan recorded in the same period last year, it is predicted that mid-year profit will decrease by 15% year-on-year. Recently, utility prices such as water and gas in major cities in mainland China have all risen, and it is expected that Beijing Gas may have a high probability of price adjustment in the first half of next year. It is currently predicted that its net profit will grow by 26% and 9% in 2025 and 2026, respectively. In addition, Bank of America has lowered its earnings per share forecast for Beijing Enterprises Holdings Ltd. by 8%, 5%, and 4% from 2024 to 2026.