---
title: "《大行》瑞银升中国燃气目标价至 8.9 元 料股息收益率达 7%"
description: "瑞银将中国燃气的目标价上调至 8.9 元，维持「买入」评级，预计股息收益率达 7%。管理层指引截至 2026 年 3 月财年每股股息为 0.5 元，预计未来几年可持续。尽管盈利预测下调 21% 至 23%，但接驳量及接驳利润表现好于预期，提供一定支持。"
type: "news"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/272212813.md"
published_at: "2026-01-12T03:24:21.000Z"
---

# 《大行》瑞银升中国燃气目标价至 8.9 元 料股息收益率达 7%

> 瑞银将中国燃气的目标价上调至 8.9 元，维持「买入」评级，预计股息收益率达 7%。管理层指引截至 2026 年 3 月财年每股股息为 0.5 元，预计未来几年可持续。尽管盈利预测下调 21% 至 23%，但接驳量及接驳利润表现好于预期，提供一定支持。

瑞银维持对中国燃气 (00384.HK) 的「买入」评级，并将目标价由 8.2 元上调至 8.9 元，基於其股息收益率达 7%，高於同业平均的 4% 至 5%。管理层指引截至 2026 年 3 月财年每股股息为 0.5 元，该行相信此股息水平可於未来几年持续，即使在基本面偏弱下仍能提供下行支持。

该行将中国燃气 2026 至 2028 财年的盈利预测分别下调 21%、21% 及 23%，主要反映单位毛利及销气量的复苏幅度低於预期，加上增值服务的增长速度较预期慢，部分被接驳量及接驳利润好过预期所抵消。

### Related Stocks

- [00384.HK - 中国燃气](https://longbridge.com/zh-CN/quote/00384.HK.md)

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