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.
《大行報告》匯豐研究下調金風科技(02208.HK)目標價至8.2元 評級「持有」
阿思達克 04-16 09:54
匯豐研究發表的報告指,金風科技(02208.HK)去年純利22.1億元人民幣(下同),按年跌31%,該行計算經常性盈利則按年跌54%,風力發電機出貨量按年增長39%,平均銷售單價下跌則拖累毛利率收窄。

考慮到補貼結束前2020至2021年將現安裝潮,管理層估計風力發電機出貨量今年將有12至14吉瓦(GW)的增長,但能否執行仍要視乎市場復甦情況,疫情或會拖累下游工程延誤。管理層亦料風力發電機毛利率今年將有改善,主要受惠產品組合及成本管控的舉措。該行指出內地風力發電機平均標價去年下半年呈升勢,考慮到交付需時兩至三季,相信對2020及2021年利潤有利。

該行估計2020年公司風力發電機銷售將受惠風電經營商資本開支指引較高,而利潤亦將有改善,但擔心疫情拖累下游工程延誤,或會為風力發電機交付帶來潛在的下行風險,將目標價由10元降至8.2元,評級「持有」。

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