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《大行報告》大和升港燈(02638.HK)評級至「跑贏大市」 目標價上調至8.3元
阿思達克 07-17 09:39
大和發表報告指,經過恆指在過去一個月上升了7%後,預期港燈(02638.HK)為大市調整時提供防守性,隨著中美緊張關係升級,估計或引發的潛在獲利中資金換馬至具有防守投資特性的港燈。

該行預期,港燈在今年至2022年可提供穩定的股息收益率於4.1%,因此上調港燈股份評級,由「持有」升至「跑贏大市」,目標價由7.4元升至8.3元。

大和認為,港燈龐大的資本開支可支持盈利及每股派息,對比2014年至2018年,估計集團於2019年至2023年的資本開支增加104%,有助推動盈利表現。另外,由於美國疫情未有放緩現象,為支持經濟復甦,預期美聯儲的利率正常化步伐緩慢,該行估計港燈於今年至2022年的收益率差距達3.5%至3.6%,高於去年的僅1.9%。

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