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大和:對風電行業看法正面,上調龍源電力等股目標價

大和發表研究報吿稱,預期中國“十四五”期間,新增風電裝機容量約200吉瓦(GW),當中大部分在後期投產。該行估計,由2020年到2025年,陸上風電資本開支將跌37%,主要由於風力發電機組成本下降58%,而海上風電資本開支亦預期跌38%,主因建設和安裝成本,以及風力發電機組成本均下降。

該行表示看好毛利率風險低的風電機組零件生產商,當中包括3個範疇:軸承製造商、海底電纜生產商,以及龍頭鑄件、鍛造及風電塔製造商。該行對行業看法由“中性”調高至“正面”,並上調多隻相關股目標價。

大和將大唐新能源(1798.HK)目標價由2.6港元上調至4.2港元,維持買入;龍源電力(0916.HK)目標價由18.7港元上調至22港元,維持買入;華潤電力(0836.HK)目標價由21港元上調至30港元,維持跑贏大市;新天綠色能源(0956.HK)目標價由6.3港元上調至8港元,評級由跑贏大市升至買入;金風科技(2208.HK)目標價由16.5港元下調至16.2港元,維持持有評級。

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