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《大行》匯豐研究:公路股正等待下一輪股價催化劑到來
匯豐研究發表研報指,年初至今在港上市的高速公路營運商股價累計升幅介乎約25%至31%,對比期內恆指升幅為約16%,相信跑贏大市是受到去年度股息回報率提升、投資者防守性配置需求增加,以及H股估值重估的推動。
該行指出,公路股除息日將至,股價升勢在7月初仍然延續,但隨著第二季收費公路收入增長放緩,或拖累股價,預期一眾公路股仍在等待下一輪催化劑的到來,包括公路法修正案草案修訂進展、潛在資產注入、交通流量增長等。
匯豐研究看好安徽皖通高速公路(00995.HK)及浙江滬杭甬(00576.HK),均予「買入」評級,目標價分別上調至15.7元及7.7元。基於資本開支下降及成本控制改善,該行亦將江蘇寧滬高速公路(00177.HK)的目標價上調至11.6元,維持「持有」評級。
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