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《大行報告》匯豐研究下調信義能源(03868.HK)目標價至2.8元 評級「買入」
阿思達克 10-25 10:03
匯豐環球研究發表報告指,信義能源(03868.HK)股價年初至今累跌約51%,較恆指同期跌幅30%為大。由於公司截至今年6月的所有銀行借貸均採用浮息並以港元計價,因此美國利率上升一直對其構成壓力。 此外,公司的太陽能發電場有約1.72吉瓦獲得國家補貼,但支付嚴重延遲。不過即使面臨挑戰,但該行認為公司仍能保持健康的資產負債表,淨負債對權益比率為25%,負債率並不高。 匯豐研究下調信義能源股份目標價,由5.1元降至2.8元,評級維持「買入」。該行喜好公司穩定的股息政策,即派發最少90%可分配利潤作為股息。
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