瑞銀:相信保利協鑫(3800.HK)股價仍被嚴重低估 評級“買入”
瑞銀髮表研究報告,指保利協鑫(03800.HK)股價今年以來累跌約29.5%,明顯跑輸A/H股市場太陽能板塊同業,相信是由於公司在上半年錄得虧損,以及市場關注到公司可能無法負擔其高槓杆比率及財務開支。該行認為,市場已消化了下行的因素,並相信公司會在下半年及未來數年透過資產分拆,以及有新的準單晶圓產品而錄得轉勢。
基於其上半年業績表現,該行將其2019至2021年盈利預測下調17至50%,目標價下調29%,由0.72港元降至0.51港元,相信目前其股價仍被嚴重低估,投資評級“買入”。
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