《大行》美银证券降华能(00902.HK)目标价至4.8元 估值合理评级“中性”

阿斯达克财经
Oct 31, 2024

美银证券发表研究报告指,华能(00902.HK) 业绩会议上表示减值可能每季都会发生,2025年的电价或面临一些下行压力,但目前置评仍言之过早。该行考虑到第三季表现不如预期及更多减值,而下调对其盈测,特别是今年,惟被单位燃料成本降低有所抵消。维持予H股评级“中性”,因为产能电价仍然是强劲的盈利缓冲,占整体第三季税前利润的45%。该行认为,相当于预测市账率1倍的估值大致合理,股本回报率(ROE)为...

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