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《大行報告》美銀證券下調金風科技(02208.HK)目標價至15.7元 評級「中性」
美銀證券發表研究報告指,金風科技(02208.HK)上半年每股經常性盈利按年下跌25%,主要受到在岸及離岸風力發電機組(WTG)業務平均售價下跌28%及37%所拖累,跌幅遠高於該行預期,同時WTG業務毛利率亦按年下跌7個百分點。 因此,該行將2022至2024年每股盈利預測下調17%、8.5%及3.8%,較市場預期低約6.3%、9%及19%,估計金風科技今明兩年企業價值倍數將爲10.8及10.2,相應亦將目標價從17元下調至15.7元,重申「中性」評級。 美銀指出,在岸WTG價格已連續6個季度錄得下跌,預期今明兩年WTG平均售價將持續下跌,至2024年或下跌48%,業務毛利率則預期跌4.6個百分點。
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