《大行報告》瑞銀下調中電(00002.HK)目標價至93元 評級「買入」
瑞銀發表報告,將中電控股(00002.HK)由該行的亞太區主要看好名單中移除,股份目標價由95元降至93元,但維持「買入」評級。
該行相信,中電主要催化劑,即澳洲發電廠於今年上半年逐步重啟營運現已實現,目前不預期集團有其他強勁的催化劑,因其香港業務(佔純利70%)仍然高度穩定及可預期,而澳洲業務(佔純利15%)在疫情後則需繼續面對電力需求及批發電價疲弱的挑戰。
瑞銀表示,維持對中電的積極態度,相信集團核心香港業務,在今年至2023年將繼續有4%的盈利年均複合增長率,而其目前股息收益率與美國十年期國債差距達3.5%,為十年高位。不過,由於該行下調澳洲批發電價預測,該行調低中電今年至2022年的每股盈行預測各1%。
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