大行評級|中銀國際:重申對燃氣行業“增持”評級 首選港華智慧能源及崑崙能源
中銀國際發表研究報吿指,雖然中國天然氣分銷商在今年的表現再次遜於市場,但該行對明年持樂觀態度。關鍵的積極因素是上游天然氣成本可能下降以及零售住宅天然氣價格進一步提升,美元利潤率預計將有所改善。
中銀國際表示,雖然行業增長放緩,但天然氣銷售將持續增長。儘管新增連線數應該會持續下降,但降幅或會收窄。總體而言,該行預期所涵蓋的所有天然氣公司的盈利將在明年實現正增長,並且大部份將提供至少5%的股息收益率。因此,該行重申對行業的“增持”評級,首選港華智慧能源及崑崙能源。
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