大行評級|花旗:上調內地電力需求增長預測 首選潤電、平高電氣及思源電氣
花旗發表研報,將今年度中國電力需求增長預測,從之前按年增長6%上調至7.5%,明年預測則上調至增長7%,預期電力需求增長主要來自於充電服務、電力機械和設備製造、稀土金屬冶煉,以及與人工智能和電氣化相關鐵路運輸產業發展所推動,預期更高的電力需求增長將有利於電網設備供應商加強投放資本開支和提高燃煤電廠利用率,首選是平高電氣、思源電氣和華潤電力。該行認為,人工智能的應用日益增加,直接帶動了更高的電力需求增長,估計中國電力需求增長相對於GDP增長比率已從過去十年的平均0.86倍,提升至2020至2023年的1.27倍,並於今年首季進一步提升至1.8倍,主因是經濟結構改變,人工智能、電動汽車、自動化等行業需求增長加快。花旗目前對潤電給予“買入”評級,目標價25.5港元。
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