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大行評級|瑞銀:對內地電力股看法轉為中性 預期基本面將會轉弱
格隆匯 02-12 10:10
瑞銀髮表報吿,對內地電力股看法轉為中性,因為在考慮到以下因素後,預期基本面將會轉弱,包括今年電價下調幅度高於預期;及電力需求增長前景放緩。該行較偏好龍源電力多過華潤電力,原因是龍源煤炭敞口較低;龍源電力受惠於可再生能源政策改革的潛力較大。該行還偏好中國核電,原因是中國核電在廣東及廣西的敞口為零,導致電價下調的影響減低;燃料成本上升風險較低;及可再生能源業務或帶來驚喜。
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