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交銀國際:維持龍源電力(0916.HK)買入評級 目標價降至21.83港元
格隆匯 01-24 12:49

交銀國際研報指,將龍源電力(0916.HK)目標價由22.91港元降至21.83港元,維持“買入”評級。

該行認為,公司在A股成功上市,有助於公司降低融資成本。公司控股股東可於未來3年內,陸續將大量風電資產注入公司,其中未上市資產約144億瓦,可通過資產收購方式。

該行預計,下半年公司將啟動A股再融資,以收購上述資產,預計相關再融資將分2次完成。因資產具較好盈利能力,認為再融資會增厚原有股東每股收益。

交銀國際調低2021年每股基本盈利2.3%,但上調22、23年每股基本盈利5.9%、6.8%。基於2022年18倍預測市盈率,調低公司目標價。

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