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《大行报告》美银美林微降中广核电力(01816.HK)目标价至2.7元评级「买入」
阿思达克 07-12 15:07

美银美林报告指,中广核电力(01816.HK)上半年核电机组总上网电量按年增12%,惟利用小时按年跌1%,主要因为新产能增加,而红沿河核电站受惠辽宁需求增加,利用小时按年增24.5%,此外宁德及防城港核电站利用小时分别按年跌18%及9%,而中国核电(601985.SH)亦公布上半年利用小时按年下跌13%。而岭东核电站利用小时亦按年跌13%。

该行对公司2019财年平均利用小时估算为7,522小时,而公司指引则为7,554小时,与2018年一样。考虑到该行将今年其发电机组利用小时估算下调,以及辽宁市场电力销售较高,将公司2019-21年每股盈测分别下调4.3%、2%及2.2%,目标价由2.72元降至2.7元,重申「买入」评级。

该行指出公司於今年5月21日向中证监提交A股首次公开发行招股说明书,预计最快可在年内挂牌,但具体日期仍待确认,故尚未将相关因素计算在内。

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