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大和:將華電福新(0816.HK)降級至遜於大市 目標減至1.22港元
格隆匯 03-17 13:20

大和發表研究報告將華電福新(0816.HK)的投資評級由“持有”降至“遜於大市”,目標價亦調低10%至1.22港元,即較前收市價仍有下行近7%的空間,部分反映了新冠肺炎爆發令能源需求下降的影響。

報告指出,經濟轉差,令用電量增長減慢,或會影響華電福新的燃煤機組使用率,而電費新政和政府紓緩企業電力開支的激勵措施,也會使今年電費受壓。

報告估計,受高基數影響,估計今年3-8月份水力發電量按年比較將錄得較大跌幅。華電福新計劃在2019年安裝400MW-500MW和2020年的800MW-1000MW新增風電產能,亦將影響公司的現金流。

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