大行評級|花旗:上調華潤電力目標價至27港元 重申“買入”評級
花旗發表研究報吿,重申對華潤電力的“買入”評級,並維持潤電在燃煤獨立發電廠(IPP)中的首選地位,指出其上半年業績表現理想,純利按年增長近39%,主要受惠於期內燃料成本下降,令火電業務利潤提升。潤電錶示今年目標新增風電和光伏項目併網容量10吉瓦,其中大批項目將於今年下半年併網,花旗預計今年全年潤電可再生能源產能將增長45.4%,可為明年淨利潤貢獻14%的按年增幅。管理層表明今年淨負債權益比率將適度增至168%,並表示會等待合適時機才分拆其新能源業務到A股市場上市,屆時將帶來額外正面催化劑。計及成本下降,該行將潤電2026至2026年淨利潤預測上調3%至7%,認為其預測今年股息回報達5.6%具吸引力,目標價由原先26.5港元提升至27港元。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of this article is for reference only. It does not constitute an offer, solicitation, recommendation, opinion or guarantee of any securities, financial products or instruments.The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance.