《大行報告》美銀證券下調龍源電力(00916.HK)目標價至21元 評級「買入」
美銀證券發表報告指,龍源電力(00916.HK)日前發盈警,預期2022年度淨利潤將下跌30%至40%,至介乎44.54億至51.97億元人民幣,當中主要受到烏克蘭資產減值及舊有小型風力發電(WTG)機組替換以及會計準則改變的影響。
該行表示,自2022財年起預期每年有14%的舊有小型WTG機組被更高效的大型機組所取代,功率輸出將提升,預料2022至2024年減值成本達分別達到2.4億、3.6億及5.26億元人民幣,由於新機組效率提高約30%,美銀證券對公司風電使用時間遠期持平的預期屬保守。
美銀將龍源去年單位燃料成本按年增幅預測從6%上調至18.1%,因此將2022至2024年各年每股盈利預測下調19.8%、13.9%及7.4%,預測去年度淨利潤將達到49億元人民幣,相應目標價亦由25.4元下調至21元,維持「買入」評級。
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.