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大行評級|花旗:中國電力上半年初步業績如預期強勁 目標價為4.3港元
花旗發表報吿指,中國電力發盈喜,預料上半年純利26.8億至28.7億元,按年升45%至55%,符合該行預期,盈利增長主要受惠於水力發電量顯著提升,新收購的風力及太陽能發電項目帶來貢獻,以及煤電單位成本按年減少約10%。該行估計其水力發電量下半年進一步提升,因為上游水庫儲存量高,維持其“買入”評級,相信下半年盈利增長得以持續,長遠而言,透過母公司潛在資產注入,相信可再生能源發電量進一步增長,而政策或對可再生能源有更多支持。今年預測市盈率9.4倍,市賬率1.1倍,股息率5.3%,估值不算高,目標價為4.3港元。
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