中金:低息週期利高息股 首選中海油(0883.HK)等3股
中金髮表研究報告指,在低息環境下,投資者會更青睞於股息回報較高、估值偏低且基本面較為穩健的股票。而在能源板塊中,中金首選中海油(0883.HK)、華潤燃氣(1193.HK)和北京控股(0392.HK)。
中金表示,減息能提振油價,中海油的盈利較穩定,預計2020年股息率將達到5.5%,故為該行首選股。
另外,中金認為燃氣行業具抗週期性的能力,受疫情影響相對其他行業較低,預計華潤燃氣與北京控股2020年股息率有望分別達到2.2%與5.2%,且長期而言,兩家公司派息率還有較大上行空間。
中金又指,現有股息率較高且位於估值低的股份也有望受益,推薦中石化煉化工程(2386.HK)、上海石化(0338.HK)、中海石油化學(3983.HK)及新天綠色能源(0956.HK)。
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