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《大行报告》大摩下调电能(00006.HK)目标价至48元 评级「与大市同步」
阿思达克 03-19 10:15
摩根士丹利发表报告指,电能实业(00006.HK)去年纯利为61.32亿元,按年下跌14%,较该行预测低11%,并为集团自2018年以来连续三年录得盈利下降。

该行表示,撇除英国递延税项调整产生的一次亏损7.8亿元、出售葡萄牙投资「Iberwind」的8亿元收益,及1.9亿元汇兑亏损,估计电能去年持续盈利为下跌12%。而集团表示经营现金流稳定於55.33亿元,按年上升3%。

大摩下调电能股份目标价,由53元降至48元,评级维持「与大市同步」,认为虽然汇兑环境改善,但因受监管资产的回报减少,集团的盈利前景料会受压。不过,由於其净现金定位,该行估计电能今年的股息会维持稳定。

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