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《大行》美銀證券升華能國電(00902.HK)目標價至6元 股息率逾8%籲「買入」
阿思達克 08-01 09:53
美銀證券研究報告指,投資者關注華能國電(00902.HK)的煤電電價韌性。由於業績好過預期,該行分別上調華能國電2025及26年盈利預測16%及3%,以反映利息支出與其他成本下降,以及2026年火電、風電及光伏電價調整。 該行指,在派息率維持58%下,2025年股息率將達8.3%,為該行覆蓋的同行股份中最高,且公司的自由現金流顯著改善;重申「買入」評級,料未來數月熱電盈利持續改善將推動估值重評,將公司港股目標價由5.5元升至6元,A股(600011SH)目標價則基於AH股溢價調整,由9.7元人民幣下調至8.4元人民幣。
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