《大行報告》大和上調潤電(00836.HK)目標價至22元 評級「跑贏大市」
大和發表報告指,華潤電力(00836.HK)去年初步純利好過該行預期,重申「跑贏大市」評級,將目標價由20.5元提高至22元,因該行預期燃料成本下降。
大和指,潤電料2021年純利可能按年下降70%至80%,即初步純利約為15億至23億元,比該行預期好,因為與獨立發電廠同行相比,如中國電力(02380.HK)、華能國際(00902.HK)、華電國際(01071.HK)均料去年錄得虧損。
此外,該行注意到5500千卡/千克的動力煤現貨價格今年以來累升40.2%。雖然國家發改委在2月9日呼籲穩定煤炭價格和保障煤炭供應,目標是港口和礦口的價格上限分別為每噸900元和700元人民幣,但煤炭國內發電廠和獨立發電商仍然受到高燃料成本的壓力。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.