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《大行报告》中金上调中电(00002.HK)评级「跑赢大市」 股息率吸引
阿思达克 02-23 14:23
中金发表研究报告,指出中电(00002.HK)2020年业绩符合市场预期,持续保持稳健派息,年内总派息每股3.1元。

随着中国内地和香港碳中和目标的提出,该行预计中电将通过结构转型持续降低碳排放强度。香港业务随着2020年龙鼓滩发电场新建的联合循环燃气机组投运,公司燃气发电比例大幅提高至50%,公司後续也计划继续通过LNG接收站和龙鼓滩第二台燃气机组的建造继续减碳。同时在中国内地,2020年公司新增149兆瓦风电并网,认为後续公司在光伏、风电等可再生能源的布局,将会推动中国内地业务加速增长,支撑整体盈利能力。

中金称,考虑到中电的澳洲业务2021年或继续存在一定压力,下调公司2021年盈利预测5.9%至118亿元,同时引入2022年盈利预测119亿元。该行认为公司当前股价已经反映个别市场的经营压力,公司派息稳健、股息率具有吸引力,同时全球疫情影响的逐步消退以及积极推进的减碳发展策略,都将为公司带来正面影响。上调公司评级至「跑赢行业」,维持目标价90.27元,相当预测今年市盈率18.2倍。

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