《大行報告》瑞信升金風科技(02208.HK)評級至「跑贏大市」 目標價上調至9元
瑞信發表研究報告,指金風科技(02208.HK)在本周三(3日)宣布延長1.1GW風電場的連接測試截止日期,因為疫情關係而延遲。該行認為這是一個正面的訊號,更多推遲了的項目獲延長截止日期,目前都是在2020年底前,意味現時的緊急安裝期或持續至2021年初,對於設備製造商而言是正面的。
在今年,該行預期會在中國內地新增30GW新風電場,按年增加20%,主要是得益於今年電網連接配額的支持。若延長限期,預期2021年的需求會維持在25GW以上的高水平,多於市場早前的預期。
公司的股價今年來累計調整21%,大大落後於可再生能源同業,相信已超出為2021年風電需求風險定價的水平。該行將公司2021至2022財年每股盈利預測上調2至5%,目標價由原來的8.5元上調至9元,投資評級由「中性」調高至「跑贏大市」,主要是因為需求前景改善及估值吸引。
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