穆迪: 中國煤電企業步向復甦 但將面臨大規模資本支出
評級機構穆迪發表研究報告,預測2022-2024年中國每年電力需求增長將達3%至5%,當局更靈活的電價機制和不斷增長的電力需求,將有助於受評煤電企業在擴大可再生能源裝機容量過程中,緩解槓桿率壓力。另外由於可再生能源貢獻增加,受評煤電企業料將受惠於燃料成本波動性下降。
但該行亦預期,為了擴充可再生能源裝機容量,受評中國煤電企業於2022至2024年的年均資本支出總額將較2018至2020年增長70%以上。
穆迪副總裁/高級信用評級主任簡震華稱,多數受評煤電企業是大型國企,考慮到相關企業在可再生能源擴張方面的關鍵作用,預期對中國能源安全和碳減排計劃具有較高的戰略重要性,必要時可獲得政府的特殊支持。
隨著國內煤炭產量以及長期合同煤供應的比例上升,穆迪預計目前高企的煤價會在未來一至兩年逐步下降,緩解煤電行業的成本壓力。
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.