《大行報告》瑞信下調龍源電力(00916.HK)目標價至20.5元 評級「跑贏大市」
瑞信發表研究報告指,龍源電力(00916.HK)首季純利按年升7%至24億元人民幣,大致符合市場預期的下限,主要是來自於風電產量增加及財務成本降低的帶動。
該行指出,裝機容量提升及利用小時數改善,推動龍源電力首季風電發電量按年增長11%,而其他可再生能源產量亦增長約51%。但考慮到營運成本上升,瑞信將公司2023至2024財年每股盈利預測輕微下調4%至5%。
瑞信認為,龍源電力年初至今表現明顯落後於風電同業及其他燃煤獨立發電企業約25%至49%,在其強勁的增長前景及較低的建設成本下並不合理,將目標價從21.5元下調至20.5元,維持「跑贏大市」評級。(gc/k)
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