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潤電(00836.HK)股價續挫近一成 據報考慮分拆可再生能源業務在港上市
阿思達克 01-06 12:04
據外電報道,華潤電力(00836.HK)考慮分拆可再生能源業務在本港上市,集資10-20億美元。摩通認為,市場可能對潤電分拆可再生能源業務反應分歧。該股繼本周二升至27.85元(受制上月尾所創紀錄高位)即市掉頭連跌第三天,今早沽壓遠超同業,股價跌破50天線(22.15元)後,進一步考驗百天線(20.77元),最低見20.5元,半日收21.15元,續挫9.6%,半日成交達6,661萬股,已超過昨天全日成交量4,724萬股。 摩通指,市場可能對華潤電力可再生能源業務反應分歧。從積極方面來看,公司分拆在港上市可加快分拆過程並支持該業務的資本支出,因為未來幾年公司可能會出現負現金流,並能減少因混合燃煤和可再生能源組合而對公司產生的綜合折扣。然而,部分投資者一直預期華潤電力分拆可再生能源業務以A股上市,可帶來更高的估值。該行又指,在港上市所需時間較短,而在A股分拆上市過程可能長達一年或以上,而且潤電手上已有約23吉瓦的風能或光能項目,意味著未來兩三年資本開支會更大,因此需要加快分拆上市進度為此作準備。該行重申華潤電力「增持」評級及目標價24.5元。
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