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里昂降龙源电力(0916.HK)目标价至7.14港元维持“买入”评级
格隆汇 08-22 13:49
里昂报告指出,龙源电力(0916.HK) 上半年盈利按年升0.5%,表现不过不失,大部份表现均达到原定指引。管理层对下半年集团厂房利用率、电价及资本开支等方面持乐观看法。至于补贴不足问题,未有解决方法,新项目将无可避免地面对电价压力。不过,工程加速建设意味集团有能力开发相当大型的管道,及成本持续下降,以纾缓补贴不足问题。
该行下调集团2019/20年盈测1.3%及2.2%,目标价相应由7.2港元降至7.14港元,维持“ 买入 ”评级。
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