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花旗降龙源电力(0916.HK)目标价至5.4港元评级“买入”
格隆汇 08-22 14:55
花旗发表研究报告,降龙源电力(0916.HK) 2019-21年盈利预期7-12%,目标价降10%至5.4港元,以反映财务成本增加,但维持“ 买入 ”评级,因电费补贴预期会于下半年增加,盈利表现亦会于下半年转好,估值不昂贵,目标价由6港元降至5.4港元。
该行指,上半年纯利预期逊预期,经营现金流入亦见减少,但补贴延期,及将资产证券化的计划,都有助未来资金流入。而今年风电装机容量增长目标为1.2-1.5GW,预期明年会更多,预期债务占股本比例会于2019-21年增至128-133%的水平。
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