《大行报告》大和升保利协鑫(03800.HK)评级至「跑赢大市」目标价上调至0.52元
大和资本发表研究报告指,保利协鑫(03800.HK)上周二(4日)宣布可能向华能集团出售协鑫新能源(00451.HK)近51%股权。若交易以协鑫新能源2020年预测市帐率0.7倍至0.9倍出售,以及於2020年完成,保利协鑫2020年预测净负债率将由现时的219%,大幅降至105%至111%,将有效纾缓财务负担。
另一方面,该行於上周四(6日)到访保利协鑫在江苏省徐州市的准单晶硅(quasi-mono)工厂後,料今年开始大量生产。基於保利协鑫估值不佳,故将评级由「持有」升至「跑赢大市」,目标价由0.46元上调至0.52元。
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