You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行報告》瑞信上調中燃(00384.HK)目標價至14元 為行業首選
瑞信發表研究報告指,由於在防疫措施放寬後的工業活動增加及上游天然氣成本或在今個冬天到達頂峰,預計2023年中國天然氣需求按年增速將恢復至7.2%,這將令下游天然氣分銷商受惠。行業中,該行首選中國燃氣(00384.HK),評級「跑贏大市」,目標價由13元上調至14元,料其未來與同業的估值差距將會縮窄。 該行另預期內地電力需求增長將從去年的3%加快至今年的8%。然而,該行認為,燃煤獨立發電廠不會是內地重新開放的受惠者,因為歷史上較高的電力需求往往會導致更高的煤炭成本和獨立發電廠的利潤壓力。該行將華能電力(00902.HK)列為最遜於大市的股票。 該行提到,在傳統電力板塊,看好分紅可見度較高的水電股如長江電力(600900.SH),在輸配電行業看好國電南瑞(600406.SH),料內地重新開放後公司或會受惠於更高的電網資本支出。
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