Market Brief

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Author

陳招富先生 (Anthony Chan)
經理

現任職輝立經理,樂意與客戶研究買賣策略。歡迎各位來電交流心得
Phone:
22776655

華潤電力控股有限公司 (836)

Tuesday, December 20, 2022 Views5973

華潤電力控股有限公司 (00836HK)

公司簡介

集團主要從事火力發電(包括燃煤電廠和燃氣電廠)、可再生能源(包括風力發電、水力發電及光伏發電)及煤礦開採業務。

疫情低下2022年上半年業績逐漸修復。2022年前10個月附屬電廠累計售電量達到1.52億兆瓦時,同比增加了4.9%。
截至2022年6月止半年度,集團營業額上升17.8%至504.09億元。
火電營業額增加21.4%至389.2億元,佔總營業額77.2%,錄得分部虧損20.27億元,主要由於煤價上漲導致火電燃料成本增加。較2021年度報告火電分部虧損71.56億元,同比減少虧損71.7%。
可再生能源營業額上升7%至114.89億元,佔總營業額22.8%,分部利潤增加8.8%至61.33億元。可再生能源分部占淨資產的比重達到81.1%。

火電裝機基本穩定而風電和光伏等清潔能源裝機增長迅速,維持力爭“十四五”期間。

潛在風險
1.政策效果不及預期
2.疫情因素影響
3.煤價上漲
4.用電量下降

筆者建議可以在13.82 EMA 55天平均線附近買入,止蝕價13.3。目標價14.66元。

註:本人陳招富為證監會持牌人士。截至本評論文章發表日止,本人及/或其有聯繫者並無持有全部提及之証券的所有相關財務權益。

 

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