匯證:升長建(1038.HK)評級至買入 目標價上調至49港元
匯證發表研究報吿指,香港公用事業與美國國債之間的收益率仍有很大差距,高於歷史平均水平,估計隨着本地和地緣政治不明朗因素減退,受監管的公用事業的防禦性將隨之增強。儘管該行策略團隊減持整體公用股,偏好週期性和價值性行業,但香港公用股並不單一,匯證的選股策略注重具增長╱復甦元素並能提供可持續收益者。
匯證表示,偏好具有長期改善因素的公司,有關公司可以在中長期內實現收入和股息增長。該行將長建(1038.HK)評級由持有上調至買入,原因是隨着監管風險逐漸減弱,英國的經營環境得到根本性的改善。由於新型肺炎疫情,併購活動自2019年底以來一直停滯,但這將成今年值得關注的催化劑。該行重申中電(0002.HK)買入評級,主要由於澳洲業務的復甦,而中國內地和印度的業務將繼續呈增長趨勢。不過,由於過去12個月的挑戰,該行認為,兩家公司2020年都會維持股息不變。

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