《大行報告》瑞銀降金風科技(02208.HK)評級至「沽售」 目標價下調至9元
瑞銀發表研究報告,降金風(02208.HK)評級至「沽售」,目標價由15元降至9元,相信公司風力發電機的均價和利潤於今年首季見頂下跌,並帶動股價下跌。
該行指,中國風電的裝機於2021至23年,分別額外增加50GW、55GW及60GW,累計風力發電場產能達333GW、388GW及448GW,反映增長率放慢至11%、10%及9%。預期毛利分別為16%、14%及12%,對比2020年為15%。市場目前預期風力發電機的增長和利潤於未來數年仍然強勁,但該行認為是過份樂觀。
該行降2021至23年盈利預測分別18%、33%及47%,以反映風力發電機增長放慢、利潤下跌,經常性盈利增長預測分別為10%、34%及48%,均較其他券商預期為低。
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