汇丰研究微升润电(0836.HK)目标价至12.4港元评级“持有”
汇丰环球研究轻微上调华润电力(00836.HK)目标价,由12.3港元上调至12.4港元,维持“持有”评级。

该行指,除2.7吉瓦新热能发电产能,公司现目标于2年内把约5吉瓦预留风力发电项目上线,早於新能源电网平价政策2021年生效。公司已在今年上调资本开支预测至190亿元,相信明年资本开支将达300亿元。纵使公司计划发行资产抵押债券,仍相信公司资产负债表今明两年受压。
该行亦指,公司预期2021年後热能及风力发电产能扩张将放缓,料公司将于2021年重拾财政稳健,有机会上调目前四成的派息比率。
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