---
title: "《大行》華泰證券升北控目標價至 38.29 元  扣非淨利增長及派息計劃或帶動估值修復"
description: "華泰證券將北京控股的目標價上調至 38.29 元，認為扣非淨利潤增長及明確的派息計劃將推動公司估值修復。該公司上半年收入同比增長 5.2%，純利增 8.1%，基本符合預期。華泰證券維持「買入」評級，並輕微下調 2023 年盈測 0.1% 至 54.1 億元人民幣，同時上調 2026 及 2027 年盈測各 0.4%。"
type: "news"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/255710295.md"
published_at: "2025-09-03T03:52:05.000Z"
---

# 《大行》華泰證券升北控目標價至 38.29 元  扣非淨利增長及派息計劃或帶動估值修復

> 華泰證券將北京控股的目標價上調至 38.29 元，認為扣非淨利潤增長及明確的派息計劃將推動公司估值修復。該公司上半年收入同比增長 5.2%，純利增 8.1%，基本符合預期。華泰證券維持「買入」評級，並輕微下調 2023 年盈測 0.1% 至 54.1 億元人民幣，同時上調 2026 及 2027 年盈測各 0.4%。

華泰證券發表研究報告指，北京控股 (00392.HK) 上半年收入按年升 5.2%，純利增 8.1%，基本符合預期；扣非淨利潤增 4.1%，派中期息 85 港仙。該行認為，扣非淨利潤增長及明確的派息計劃或帶動公司估值修復，維持「買入」評級，目標價由 34.02 元上調至 38.29 元。

該行輕微下調北京控股今年盈測 0.1% 至 54.1 億元人民幣，又將 2026 及 27 年盈測上調各 0.4%，分別至 57 億及 59.4 億元人民幣。

### Related Stocks

- [00392.HK - 北京控股](https://longbridge.com/zh-HK/quote/00392.HK.md)

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