花旗发表研究报告，将中国电力(02380.HK) 去年纯利预测下调12%至39.41亿元人民币，相当于按年增48.1%，其中去年下半年纯利预测增长38.7%至13.6亿元人民币，当中已计及市场导向上网电价下调，以及可再生能源项目减值的影响，去年全年盈测较市场普遍预期低出21%。
此外，花旗亦将2025至2026年的净利润预测下调16%至20%，以反映电价下降的因素，预测2025年煤电平均上网电价将按年下降5%，风能和光伏料分别下降4%和6%，基于折现现金流估值模型，将目标价由原先4.1港元下调至3.5港元，由于估值不高，仅相当于预测今年市盈率7.1倍，市账率0.8倍及股息率7%，维持“买入”评级。花旗2024年新增装机目标为6.8GW，由于建设工程延迟，花旗预料可能未能达标，将2024至2026年新装机预测下调至6.3GW、6.5GW及6.5GW，预计公司在项目投资上将更加谨慎。(gc/da)(港股报价延迟最少十五分钟。沽空资料截至 2025-02-14 16:25。)
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