《大行報告》大和降潤電(00836.HK)評級至「跑贏大市」 目標價下調至21元
大和發表研究報告指,秦皇島港5,500大卡動力煤近期價格達到每噸1,800元人民幣,在發改委宣佈考慮幹預煤價後仍處於較高水平,預計隨着冬季臨近,煤炭價格可能會繼續上漲。
該行指出,雖然市場交易燃煤電廠基準電價已上升20%,但認爲燃料成本飆升可能會進一步擠壓燃煤電廠盈利空間,因此將華潤電力(00836.HK)的評級由「買入」下調至「跑贏大市」,目標價由23元下調至21元。由於煤炭價格上漲,大和對燃煤IPP的燃料成本預測提升,因此同時將潤電2022至2023年每股盈利預測降低10%至25%。
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