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麦格理降龙源电力(0916.HK)目标价至6.1港元评级“跑赢大市”
格隆汇 08-22 16:25
麦格理发表研究报告,料龙源电力(0916.HK) 下半年风力发电量同比上升,升幅由上半年的3%加快至6%,主要由于1.5GW的新安装量。基于该行下修其2019至2021年各年风力利用估算分别3%、3%及1%;上修短期平均风电上网电价预测;以及上调员工及财务开支估算,因此下调集团2019至2021年各年每股盈利 预测分别8%、5%及2%,维持“ 跑赢大市 ”评级,以现金流折现率计,目标价下调10%,由6.8港元降至6.1港元,相当于明年预测市帐率0.77倍。
报告称,龙源电力估值届历史低位,现价仅相当于明年预测市盈率 6.3倍,或明年预测市帐率0.57倍。
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