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花旗:對煤電股看法仍正面 推薦華能國際(0902.HK)和華電國際(1071.HK)
格隆匯 09-25 14:08

花旗發表報告表示,據媒體報道指中國將從2020年1月1日起取消煤電標杆上網電價,並建立“基準電價+浮動機制”的價格形成機制,該行認為內地電價新機制看來將利空煤電股,獨立火電發電企業面臨電價下行風險,不過,從目前的直購電折價情況看,預計電價下行空間温和。

報告指,對煤電股看法仍正面,料受益於煤價下行,儘管電價的潛在下調可能會部分抵銷煤價下行帶來的利好。煤電股中,該行推薦華能國際(0902.HK)和華電國際(1071.HK),因其對煤炭成本下行的敏感度較高。

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