《大行報告》摩通料內地電價將迎十年來首次上調 可成中資電力股催化劑
摩根大通發表告表示,中資電力股近期股價跑贏大市,該行相信是內地部份地方政府已允許上調直接銷售電價不多於10%,以反映煤價上漲因素,倘若此趨勢擴展至全國,估計該行所研究覆蓋的中資電力股今年EBITDA將可平均上升15%。
該行料內地電價或迎來十年來首度上調,將令中資電力股長遠毛利率更為穩定,估計華潤電力(00836.HK)明年盈利或可受惠提升逾10%以上。
摩通估計,稍後內地將會有更多省市公布上調電價,料可成中資電力股的催化劑,維持對華潤電力「增持」投資評級及目標價23元。
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