《大行報告》摩通將煤氣(00003.HK)列入負面觀察 評級降至「減持」
摩根大通發表報告指,在內地及本港公用股中,對2023財年的指引、應收賬款更新及股息將是公司最重要的驅動因素。智能電網方面,該行建議在許繼電氣(000400.SZ)獲利了結,並轉投國電南瑞(600406.SH),因後者估值更具吸引力。
對於燃氣公用事業,該行將昆侖能源(00135.HK)列入正面催化劑觀察名單,料或增加派息;並將煤氣(00003.HK)列入負面催化劑觀察名單,評級由「中性」下調至「減持」,目標價由6.5元降至6.2元,該行對其派息能力存疑。對於電力公用事業,在業績預報後,疲弱業績或已被市場反映。
該行預計,兩會後更新的電力市場改革,可再生能源補貼和支持政策都將支持股價表現。近期煤價因礦難而反彈,致內地火電股走弱,亦為華潤電力(00836.HK)提供了具有吸引力的切入點。
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