大摩:下調華潤電力(0836.HK)目標價至14.1港元 評級“增持”
大摩下調華潤電力(0836.HK)目標價,由15.4港元降至14.1港元,維持“增持”評級。
大摩稱,基於其第一季度表現及最新的運營數據,下調該公司2020-2022全年每股盈利預測7.4%、3.4%、5.8%;現預測2020-2022全年純利同比上升30.9%、16.4%、5.0%。
此外,大摩看好華潤電力受惠於煤炭價格下跌,表現將優於同業風力發電。同時,市盈率及市賬率將處於歷史低水平。儘管該公司取消派息保證政策,但預期營運良好,派息比率仍為40%。

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