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高盛:下调龙源电力目标价至13港元 评级中性

Goldman Sachs: Lowering Longyuan Electric Power's Target Price Target Price to HK$13 Rating Neutral

Breakings ·  Apr 11, 2023 22:23

Goldman Sachs published a report at the beginning of this month, saying that Longyuan Electric Power's revenue last year fell 0.03% year-on-year to 39.8 billion yuan, while net profit fell 32% year-on-year to 4.9 billion yuan, 5% higher than the bank's forecast. According to the bank, the management of Longyuan Electric Power aims to add 5.5 megawatts of production capacity this year and aim to add 6.5 megawatts of production capacity. The bank expects to increase the company's wind energy production capacity from 3.7 megawatts to 30 megawatts this year, while solar energy will increase from 2 megawatts to 5 megawatts. Goldman Sachs pointed out that it raised Longyuan Electric Power's net profit forecasts for 2023 and 2024 by 2.7% and 3.6% respectively, lowered its 2025 net profit forecast by 4.7%, and lowered Longyuan's target price by 4% to HK$13 to maintain its neutral rating.

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