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《大行報告》摩通下調信義光能(00968.HK)目標價至9.8元 中期業績遜
摩根大通發表研究報告指出,信義光能(00968.HK)上半年純利按年跌27%至14億元,較該行預期低約20%,業績遜預期或由於較早簽署的天然氣合同導致天然氣成本高於預期,以及人民幣貶值影響。大多數負面消息主要來自今年首季。 該行認為,信義光能次季太陽能玻璃的毛利率按季改善5至10個百分點,主要由於部分早期的天然氣合同被消化。踏入下半年,太陽能玻璃需求動態改善,價格前景正面。因此,該行維持對公司的「增持」評級,但對其2023至2025年盈利預測下調3%至11%,以反映今年上人年的趨勢和產能放緩,目標價由10.6元下調至9.8元,評級「增持」。
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