大行评级|瑞银:上调金风科技目标价至6港元 重申“买入”评级
瑞银发表研报,将金风科技的目标价由4.6港元上调至6港元,重申“买入”评级。瑞银预期,金风科技出口加速将会加快,2025年中国市场以外的市场率将达5%。随着海外市场高投标价持续增长,金风科技将受惠于海外风电平均售价上升的推动力,料其2024至2026财年出口涡轮机利润率,将分别按年升12%、13%及14%;内地涡轮机毛利率将分别升3%、6%及8%。瑞银亦预计,金风科技的涡轮机业务在2022至2024财年录得亏损后,将于2025财年实现扭亏为盈。预计涡轮机将达到收支平衡,毛利率料介乎7%至8%。另外,瑞银将金风科技2024至2026财年盈利,分别上调1%、7%及14%,意味2023至2028财年盈利复合年均增长率为36%。
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