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《大行報告》摩通降長建(01038.HK)、電能(00006.HK)及中電(00002.HK)評級至「中性」 受累美國利率高企
摩根大通發表報告指,對本港公用股轉向審慎,預期美國利率在較長時間維持高企,可能限制公用股升幅,認為行業面對四項逆風 : 財務成本及派息比率處於高水平,限制提高派息金額的能力,預期在2023至2024年,每股派息只會持平或微升1%;美元強勢或會拖累長建(01038.HK)及電能(00006.HK)的盈利,因為兩者海外業務比重較高;中電(00002.HK)澳洲附屬被指違反銷售守則,可能影響投資者揣測短期內出售澳洲業務的憧憬;行業缺乏併購限制每股盈利提升。 該行將本港公用股2023及2024年的每股盈利預測下調超過4%,以反映強美元、高財務成本及各公司面對的逆風,長建、電能及中電的評級下調至「中性」,並下調目標價(詳見另文),而粵海投資(00270.HK)股息率10厘屬吸引水平,評級「增持」。
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