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《大行報告》花旗降潤電(00836.HK)目標價至11.3元評級「中性」
阿思達克 08-22 12:53

花旗發表報告指,華潤電力(00836.HK)上半年雖錄得強勁盈利增長,惟該行於煤電股中較為看好華能(00902.HK)及華電(01071.HK),主要由於後者對煤價下降之反應較高。

另外,該行指華潤電力旗下風電場增加並不會導致市場上調其估值,因其僅與其他中國風電營運商看齊。加上上半年潤電錄得負數自由現金流,該行相信有關情況將持續至今年下半年及明年。

花旗表示,上調潤電2019年至2021年盈利預測18%至20%,惟由於加權平均資本成本同時上升,降潤電目標價自13元下調至11.3元,此按現金流折現率作估值,維持「中性」評級。

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