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《大行報告》花旗降華電(01071.HK)評級至「中性」 目標價下調至2.2元
阿思達克 03-08 16:11
花旗發表研究報告,考慮煤炭成本上升,降華電(01071.HK)投資評級,由「買入」下調至「中性」;並降其今明兩年盈測介乎10%至15%,目標價相應下調8.3%,由2.4元降至2.2元。報告稱,由於其現估值已低迷,僅相當於今年預測市帳率0.3倍,僅降評級至「中性」,而不是「沽售」。

報告稱,華電去年業績中規中矩,撇除永續證券回報,純利按年升15.6%至32.86億元人民幣(下同),較該行及市場預測低5%。由於每燃料單位成本上升,去年末季純利跌54.5%至3.2億元。

花旗補充,由於標準煤成本上升,即使發電量增加亦料難以抵銷,華電今年首季純利料按年下跌。

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