《大行報告》大和升潤電(00836.HK)評級至「買入」 目標價下調至20元
大和及表研究報告指出,潤電(00836.HK)股價自1月4日至2月17日以來累跌29.6%,或由於其潛在分拆可再生能源業務在港上市,其估值較分拆至A股上市低,被投資者視為不利。惟該行認為潤電在剝離可再生能源業務後,其2022至2023年盈利仍將錄得按年增長。
該行補充,儘管近期動力煤價格居高不下,但目前潤電的燃煤資產估值,相比起煤業同行華能(00902.HK)及華電(01071.HK)有所折讓。該行將潤電評級由「跑贏大市」上調至「買入」,但將其目標價由22元降至20元,以反映2021年高基數的情況下,估計公司2022年風電利用率將有所下降。
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