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高盛:维持兖矿能源(01171)“沽售”评级 目标价降至8港元

Goldman Sachs: Maintains a 'sell' rating on Yankuang Energy (01171), with a target price lowered to 8 Hong Kong dollars.

Zhitong Finance ·  Sep 3 16:31  · Ratings

Goldman Sachs downgraded Yankuang Energy (01171)'s profit forecast for the next two years by 8% and 4% respectively.

According to the Zhongtong Finance APP, Goldman Sachs released a research report stating that it maintained a "sell" rating on Yankuang Energy (01171) and lowered the company's profit forecast for the next two years by 8% and 4% respectively. The target price was lowered from HKD 8.46 to HKD 8.

The report states that the company's net profit in the first half of the year fell by 29% year-on-year to CNY 7.4 billion, excluding one-time items. The recurring net profit fell by 30% year-on-year to CNY 7.2 billion, which was worse than expected by the bank and the market mainly due to lower-than-expected profitability of the Australian coal business. The company declared a dividend of HKD 0.23 per share for the interim, equivalent to a dividend payout ratio of 31%.

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