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《大行報告》花旗:動力煤價按周跌15.5% 火電企業受惠偏好潤電(00836.HK)
花旗發表報告指,截至昨日(31日),秦皇島港5500K動力煤價按周跌15.5%,按年跌34.8%至每噸786元人民幣。今年第二季至目前為止平均價格為每噸961元人民幣,較首季平均價格每噸1,131元人民幣低15%,比去年第二季平均價格每噸1,202元人民幣低20%。 花旗指,較低的單位燃料成本應有利於燃煤發電廠增加利潤,偏好潤電(00836.HK),因為其具有更大的可再生能源覆蓋,加上公司宣布在A股市場分拆可再生能源業務,由於A股估值高於H股,應該是積極的消息。同時亦看好龍源電力(00916.HK),因為其燃煤電廠的盈利能力有所提高,可再生能源產能增加迅速,且估值不高。
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