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《大行報告》匯豐研究:傳內地電網可能接入更多新能源 料設備製造商受惠
匯豐研究發表報告指出,市傳內地電網可能接入更多新能源,估計對可再生能源公用商不利,但對太陽能及風電的安裝可帶來支持,相信設備製造商可受惠。 該行提及,自2019年以來電網公司完成棄風限電率不高於5%的新能源消納紅線,優先調度再生能源,有關政策一直不變。如今如放寬消納紅線,或推動可再生能源公用商的發電量增加至市場上交易,故可能對可再生能源公用商的盈利帶來波動,並帶來負面影響,因購電協議的批發價格自去年下半年以來一直下跌,而現貨交易偶爾會導致負價格。該行料信義能源(03868.HK)在營運方面仍面臨壓力。 然而,內地透過放寬電網對維持再生能源公用事業利用率的要求,該行認為也意味著政府可能允許在內地大力安裝太陽能和風能。鑑於供應鏈中對太陽能電池板和風機的潛在需求,該行偏好福萊特玻璃(06865.HK)。至於水電方面不受影響。 該行下調龍源電力(00916.HK)的預測,以反映電費的下行,但撇除任何一次性項目後,對公司去年核心盈利增長預測8%,維持對其「買入」評級,目標價由10.4元下調至9.7元。 股份|評級|目標價(港元) 龍源電力(00916.HK)|買入|10.4元→9.7元 信義能源(03868.HK)|持有|1.2元 福萊特玻璃(06865.HK)|買入|23.2元
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