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《大行》美銀料中電(00002.HK)可受惠於HIBOR回落 維持目標價68.7元
阿思達克 06-04 09:56
美銀證券發表研究報告指,目前估計香港銀行同業拆息(HIBOR)將長期維持於較低水平,相信中電(00002.HK)可從中受惠,或能節省約5億元融資成本。美銀指出,中電擁有約520億元債務,當中約一半為浮動利率,與一個月及三個月HIBOR掛鉤,估算HIBOR每下降1個百分點,中電全年每股盈利將提升2%。 然而考慮到煤炭成本上漲、Energy Australia面對的競爭加劇,以及陽江核電站電價下調等影響,可能抵消HIBOR下跌的利好,經營壓力仍然存在,美銀預測中電2025財年核心利潤將按年持平,令全年股息增長存在不確定性,維持目標價為68.7元,並重申「中性」評級。
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