《大行報告》花旗:中電(00002.HK)中期盈利勝預期
花旗發表的研究報告指,中電(00002.HK)上半年盈利60.1億元,較該行預期高7%,主要受惠來自澳洲的經濟利潤較高帶動,而在可持續經營溢利方面則按年增12%至61.29億元,主要受惠香港、中國、澳洲及東南亞、台灣等貢獻較高。而次季公司每股派息0.63元,按年持平。
該行指出公司香港的經營溢利按年增4.6%至37.51億元,佔該行整體經營溢利的56.9%,按年收窄3.4個百分點,相信公司受惠利潤管制協議仍能維持回報率。另外上半年來自內地的經營溢利按年升6.7%至12.53億元,佔整體經營溢利的19%,主要受惠防城港煤電廠及太陽能項目的貢獻,相關因素抵銷了核電貢獻較低的影響。
該行認為中電回報率吸引,予「買入」評級,目標價92元。(el/k) ~
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