研報掘金|華泰證券:下調華能國際電力目標價至5.49港元 提前減值影響業績釋放
華泰證券發表研究報吿指,考慮今年以來煤價中樞下行趨勢,調整對華能國際電力煤價和煤電電價預期,將公司今年至2026年的純利預測由117億元、123億元及131億元,調整至104億元、127億元以及131億元,看好公司新能源業務長期發展和火電業績持續復甦,H股目標價由5.67港元降至5.49港元,維持“買入”評級。該行指,華能第三季純利低過該行預期,主要是因為是提早計提資產減值損失11.93億元,認為公司經營向好,還原資產減值後煤電度電利潤總額按年升0.4分至3.1分,風電度電利潤總額按年升4.2分至0.147元,看好公司火電盈利改善及風電發展。
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