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《大行報告》美銀證券下調華電國際(01071.HK)目標價至2元 評級「跑輸大市」
阿思達克 03-29 09:47
美銀證券發表研究報告指出,今年首兩個月的秦皇島5,500大卡煤價均價維持在每噸1,096元人民幣,高過該行預測全年均價每噸770元人民幣。而年初至今,包括廣東及江蘇等8個省份宣布上調今年燃煤發電上網電價約7.4%至20%不等,平均加價15.2%。該行認為今年煤電業務表現可能再次令人失望。 此外,該行指華電國際(01071.HK)去年經常性每股虧損1.06元人民幣,主要由於燃煤單位成本按年增長67%,被燃煤發電廠電價按年增長4.6%,以及燃煤發電廠利用小時按年增長12%所抵銷。該行對公司2022及2023財年每股盈利預測分別下調26%及7.4%,目標價由2.25元降至2元,評級「跑輸大市」。
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