《大行報告》摩通升保利協鑫(03800.HK)評級至「增持」更看好協鑫新能源(00451.HK)
摩通發表研究報告指,保利協鑫(03800.HK)宣布可能向華能集團出售所持協鑫新能源(00451.HK)的51%權益後(保利協鑫現持有其62.28%權益),將保利協鑫評級由「中性」升至「增持」,目標價由0.56元升至0.57元。
報告指,雖然交易仍未落實,但相信對保利協鑫及華能集團都是合理的,亦可將保利協鑫的價值釋放出來。另對協鑫新能源而言,亦是一個提升盈利的交易,因國企持有人能夠以較低成本的貸款再融資。
該行指,是次交易對保利協鑫及協鑫新能源都有正面影響,對兩者股價亦有上升空間,但更看好協鑫新能源,因交易可增加其盈利能力、亦可助其恢復增長等,故給予評級「增持」,目標價0.38元。
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