《大行报告》大摩上调中广核新能源(01811.HK)目标价至1.71元 评级「增持」
摩根士丹利发表报告指,中广核新能源(01811.HK)由2014年上市至去年的收入及纯利分别增长23%及101%,去年纯利达1.11亿美元,优於该行预期12.6%。该行表示,虽然中国今年2月的电力需求下降10.1%,但由於可再生电源强劲,公司的电量按年有9.5%增长。
另外,中广核新能源於3月2日公布,间接控股股东中国广核集团正考虑以协议安排方式将公司私有化的建议。该行预料,私有化详情将在本月内公布,虽然未有作价,但以华能新能源的私有化作参考,其每股作价为3.17元,为2018年市账率1倍,较公布私有化前的最後收市价溢价46.08%。而中广核新能源现价相当於今年市账率0.8倍,其2014年上市价为1.71元。
大摩上调对中广核新能源股份目标价,由1.2元升至1.71元,评级维持「增持」,并上调集团今明两年盈利预测分别22.2%及16.2%,以反映基本面强劲。
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