《大行報告》大和升保利協鑫(03800.HK)評級至「跑贏大市」目標價上調至0.52元
大和資本發表研究報告指,保利協鑫(03800.HK)上周二(4日)宣布可能向華能集團出售協鑫新能源(00451.HK)近51%股權。若交易以協鑫新能源2020年預測市帳率0.7倍至0.9倍出售,以及於2020年完成,保利協鑫2020年預測淨負債率將由現時的219%,大幅降至105%至111%,將有效紓緩財務負擔。
另一方面,該行於上周四(6日)到訪保利協鑫在江蘇省徐州市的準單晶硅(quasi-mono)工廠後,料今年開始大量生產。基於保利協鑫估值不佳,故將評級由「持有」升至「跑贏大市」,目標價由0.46元上調至0.52元。
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