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瑞信:香港公用股回報具吸引力 將電能實業(0006.HK)及長建(1038.HK)列為行業首選
格隆匯 05-29 11:42

瑞信發表報告表示,電能實業(0006.HK)及長江基建集團(1038.HK)股價在過去兩週調整14-17%,相信部分是受到香港股票市場氣氛影響。

瑞信認為,在電能實業及長江基建集團香港業務只佔較少比例的情況下,股價跑輸同業的情況並不合理。

瑞信又稱,香港發電業務受利潤管制協議所監管,回報十分穩定,比燃氣公用股更有防守性,同時又認為上半年盈利預警並不會影響該股派息,主要由於盈利是受到英國税率改變影響,屬非現金項目。

瑞信表示,電能實業及長江基建集團現時股價的股息率分別為6.6%及6.4%,兩間企業過去二十年一直維持強勁派息紀錄,派息可見度亦十分高。

瑞信稱,現時在低息環境下,香港公用股回報更具吸引力,由於兩間企業相對於同行具有更好的法人股息吸引力,因此將電能實業及長江基建集團作為該行業首選,目標價分別為64港元及60港元。

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