《大行報告》花旗:看好港燈(02638.HK)多於中電(00002.HK) 股息率較高
中電控股(00002.HK)和港燈(02638.HK)分別公布明年電費加5.8%和7%。花旗發表報告,兩電燃料費全數轉嫁予用戶,當中看好港燈多於中電,港燈明年預測股息率4.4%,高過中電的4.2%,另外中電在內地和台灣業務因燃料費上升致回報受壓,在澳洲業務也具挑戰性。花旗對兩電維持「買入」評級,中電目標價85元,港燈目標價8.8元。
花旗表示,中電在2018年至2023年的資本開支將增加31.52億元,以在更多數據中心和新發展區鞏固電網,即使海外業務盈利波動,本港業務將對股息率有支持。該行認為,兩電的社區節能基金計劃將不會削弱他們的盈利。
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