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《大行报告》汇丰研究上调润电(00836.HK)目标价至11.4元 评级「买入」
阿思达克 02-23 11:37
汇丰研究发表报告,指出华润电力(00836.HK)在去年建成超过4吉瓦风电场,超出其3.5吉瓦目标,并较其他中国公司为多。因此,公司巩固了其中国第二大上市可再生能源营运商的地位,总产能为13.5吉瓦,仅次於龙源电力(00916.HK)。

展望未来,该行预期润电将每年继续增加2至3吉瓦风电及太阳能项目。在对盈利的贡献上,可再生能源已占其去年上半年EBIT的48%,估计占比会在2023年进一步提升至63%。该行指,公司在可再生能源上的扩张开始缓和市场对其ESG的关注,但这仍被投资者所忽视。公司股价自去年中跌3%,目前仍处於估值低位。

该行将公司2021及2022年盈利预测上调2至4%,目标价由原来的10.2元上调至11.4元,维持「买入」评级,认为其在可再生能源上的快速过渡仍未获市场大致认可,而潜在A股上市或将可再生能源业务分拆等因素,将有助触发公司获再评级。

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