Gelonghui, January 15 | According to GF Securities Research Report, SDIC Electric Power (600886.SH) is expected to achieve net profit of 5.723 to 6.860 billion yuan in 2023, of which 23Q4 net profit to mother - 3.3 to 810 million yuan, putting pressure on performance. In 2023, the company effectively reversed the thermal power dilemma and increased hydropower profits, and 2024 is even more worth looking forward to. The bank believes that hydropower prices will increase, thermal power profits will recover, and new energy sources will grow at an accelerated pace. Referring to peer valuation, the company was given 17 times PE in 24 years, corresponding to a reasonable value of 17.13 yuan/share, maintaining a “buy” rating.
研报掘金丨广发证券：维持国投电力“买入”评级，目标价“买入”评级
Research Report: GF Securities: Maintaining SDIC Electric Power's “Buy” Rating and Target Price “Buy” Rating
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