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瑞银:升金风科技(2208.HK)目标价至10.2港元 评级“中性”
格隆汇 09-12 11:40

瑞银发表研究报告,指金风科技(02208.HK)股价在中期业绩公布後跌18%,相信市场正反映最坏时间已过及纯利将会於明年回升,该行同意此观点,若以风电场10倍市盈率和风力发电机组业务16倍市盈率计算,并计入2022年完全实施「平价并网」,予“中性”评级,目标价由8.5港元升至10.2港元。

该行指,公司股价受市场短期情绪波动影响,若基本面有转变,该行会重新计价。若风力发电机组竞价於下半年上升10%,补贴延期的问题解决,看法会趋正面;而若风力发电机组竞价于下半年下跌,装机量因政策转变而逊预期,则会趋负面。

该行降金风科技2019年盈利预期29%,以反映上半年风力发电机组毛利逊预期,并相信下半年情况持续,长远盈利预期则上升10%,主因对风力发电机组销售增加的预期。

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