《大行報告》花旗:看好正現金流、低負債及盈利增長公用股 首選龍源(00916.HK)、潤電(00836.HK)及港燈(02638.HK)
花旗發表研究報告指,由於經濟疲軟和投入成本上升導致利潤率下降,預測今年內地公用事業及清潔能源公司的淨利潤平均僅按年增長13.5%,低於過去5年的每年平均增長24.2%;細分行業中,風能及太陽能的表現將較好,料全年增長23.8%。
該行傾向選擇擁有正自由現金流、低負債及利潤不斷增長的公司,首選是隆基綠能(601012.SH)、龍源(00916.HK)、新奧股份(600803.SH)、國電南瑞(600406.SH)、華潤電力(00836.HK)及港燈(02638.HK)。
花旗表示,香港公用事業股相對不受中國經濟放緩、疫情物流受阻、上游成本上升等影響,年初至今表現跑贏大市,建議增持港燈,維持「買入」評級,又指中電(00002.HK)海外業務表現令人失望,評級維持「中性」。
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