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研報掘金丨國泰君安:國電電力股權處置落地,維持“增持”評級

國泰君安研報指出,國電電力(600795.SH)對於國電建投(含察哈素煤礦)50%的股權處置完畢,盈利穩定性有望進一步提升。上調目標價至7.28元,維持“增持”評級。受下屬煤礦停產影響,國電建投2023年淨利潤-4.9億元。認為本次股權處置交易的意義不僅在於短期的一次性收益,更在於消除市場對於察哈素煤礦盈利擾動的擔憂。公司在建及儲備項目資源豐富,預計高額資本開支支撐下公司裝機有望維持長期可持續增長。此外,大股東增持彰顯發展信心,長期成長動能充沛。

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