《大行报告》瑞银降保利协鑫(03800.HK)目标价至0.79元评级「买入」
瑞银发表研究报告,指保利协鑫(03800.HK)准单晶矽出货量可能会好过预期,有6GW的订单已入帐,公司对2019年整体晶圆出货量指引为26-27GW,相当於按年增长5%。
此外,该行指若果保利协鑫出售旗下太阳能发电厂资产,可显着减轻杠杆率和财务费用(於2018年,公司约37亿元人民币财务开支中,有24亿元人民币来自协鑫新能源(00451.HK))。公司於6月4日公布与华能集团签署协议,将可能向华能集团出售协鑫新能源51%股权。虽然交易未最终确定,但瑞银相信成事机会很大,因为华能有动力增加其於可再生能源领域的覆盖,以抵销燃煤发电的下行风险。瑞银将保利协鑫目标架由0.82元降至0.79元,评级「买入」。
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