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【個股信息】華潤電力(0836-HK)上半年運營發電廠售電量減少0.5% @ 2012-08-20T18: Back Hot News
Keyword:華潤電力
Concept:華潤電力上半年發電量按年
自我們上月調整該股評級以來,華潤電力的股價已上漲了10%。隨著煤價下跌、新煤礦投產以及國內電力需求的復蘇,我們預計公司2012 年業績將錄得強勁增長。公司上半年售電量和煤炭產量已達到我們全年預測的47%。我們預計公司上半年每股收益同比增長29%至0.677 港幣(相當於我們全年預測的46.6%),這主要是受到去年底上調電價的拉動。我們還調整了全年的各項預測,並將2012-14 年盈利預測調整了-3-5%。我們維持對該股的買入評級。基於14%的淨資產收益率(最高)和良好的資產質量,我們將該股目標價上調至17.90 港幣,對應1.6 倍2012 年市淨率(歷史平均水平)。華潤電力仍是我們在發電企業中的首選股票。

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