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《大行報告》瑞信:內地公用股看好金風(02208.HK)、東方電氣(01072.HK)、中燃(00384.HK)及北控水務(00371.HK)
瑞信發表報告指,內地公用股於中秋假期後錄得強勁升幅,尤其是煤電民營發電商,相信是在市況波動下對估值較低的股份有利,惟相信在股價上升後,近期風險回報吸引程度下降,因成本上升(港口煤價已上升至每噸1,300元人民幣至1,400元),對發電商造成盈利壓力。民營發電商中較看好潤電(00836.HK),因其新能源業務佔比較高可作緩衝。 該行看好金風(02208.HK)、東方電氣(01072.HK)、中燃(00384.HK)及北控水務(00371.HK),指其基本因素強及估值較低,其中料金風大量新能源業務可受惠。另外,水電市佔率達40%的東方電氣亦將於「十四五」規劃下倍增其水泵蓄能能力。天然氣股份方面,相對新奧能源(02688.HK)及華潤燃氣(01109.HK),該行偏好中燃。
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