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《大行报告》高盛首予中电(00002.HK)「中性」评级目标价90元
阿思达克 06-27 15:01

高盛发表研究报告,首予中电控股(00002.HK)「中性」评级,目标价90元。报告称,中电是成熟泛亚洲公用企业,拥有高质素的香港业务,其内地低碳能源组合正在扩张,及具有澳洲首三大电力零售组合之一。高盛料今年中电经营盈利按年跌6%,源於本港利润管制协议下准许回报上限降至8%,低於过去十年的10%上限;以及澳洲经营环境具挑战。

不过,该行料中电仍可以持续提升本港资本开支,扩大广东核能发电规模,并在明年盈利将趋於稳定,料按年大致持平。另考虑中电现金流强劲,及其谨慎规划资本开支,高盛料中电未来有能力稳定增加派息(收益率料介乎3%至4%,每股派息三年年均复合增长料3.5%)。

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