You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
交银国际下调华电福新(0816.HK)目标价至1.61港元重申“买入”评级
格隆汇 08-27 10:06

交银国际发表报告称,华电福新(00816.HK)中期业绩低于预期,上半年盈利增幅偏低,实现销售收入97.81亿元人民币,同比增长10.5%,纯利15.48亿元,增长8.4%。公司收入略高于该行预期,但净利润比预期低11.7%,故将其目标价由1.85港元下调12.97%至1.61港元,重申“买入”评级。

该行指出,上半年公司水电发电量大幅增长,板块盈利暴增。煤电业务的平均利用小时明显下降,不过由于煤炭成本下降,煤电业务扭亏为盈。同时该行预计下半年水电的利用小时会小幅超出历史平均水平,而煤电业务的盈利能力有望继续提升。

该行表示,华电福新风电业务仍是重点投资方向,上半年由于风况不佳,风电业务盈利有所下降。上半年由于需求暂时性波动以及三门核电的停产检修,公司来自参股核电的投资收益下降明显,预计下半年收益情将好转,核电收益仍将是公司最稳定的利润来源,并逐年略增。

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account