花旗:下调龙源电力(00916)目标价至6.2港元 评级“买入”

Citibank: Lowering the target price of Longyuan Electric Power (00916) to HK$6.2 to a “buy” rating

Zhitong Finance ·  Feb 8 03:38

The Zhitong Finance App learned that Citi released a research report saying that it began a 90-day downward catalytic observation of Longyuan Electric Power (00916), and it is expected that last year's net profit will fall short of market expectations. At the same time, the net profit forecast for last year was lowered by 6.3%; the target price was lowered from HK$6.5 to HK$6.2, respectively; the target price was lowered from HK$6.5 to HK$6.2, making it a “buy” rating.

The bank pointed out that Longyuan Electric Power's stock price drop last year may be due to market concerns about lower electricity prices for new projects and negative free cash flow due to high capital expenditure. However, a reduction in the unit cost of equipment may increase the return on new projects. Although the wind speed was low in January and the year-on-year growth rate of power generation was only 2.1%, the company's price-earnings ratio forecast for this year is 4.7 times, and the market account ratio is 0.5 times, so the valuation is not expensive.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment