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《大行》交銀國際:龍源電力(00916.HK)收購母企新能源資產料可支持估值提升

BOCOM International: China Longyuan (00916.HK) acquisition of parent company new energy fund assets likely to support the increase in valuation.

AASTOCKS ·  Jul 3 16:39

Bocom Intl released a report stating that China Longyuan (00916.HK) plans to receive an injection of 4 million kilowatts of new energy assets from its parent company, which is consistent with the expected direction of "partial redemption" of acquisition commitments. They believe that the resumption of the acquisition of new energy assets from the parent company is of great significance to the company and will support a slight increase in the company's valuation in the short term. Therefore, they maintain a "buy" rating with a target price of 9.03 yuan.

The report stated that the above-mentioned new energy assets will be injected into China Longyuan in batches, and the first batch of projects is estimated to start injecting within this year. Currently, the company leans towards using internal resources and bank loans to pay the acquisition amount.

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