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大行評級|摩根大通:建議開始吸納優質公用收息股 首選電能及長建等
摩根大通發表報吿指出,目前市場波動,加上美聯儲可能將於第四季首次減息的情況下,建議投資者可開始吸納優質公用收息股。該行將電能實業評級由“中性”上調至“增持”,因為其收益率約為7%,較歷史平均高出1個標準差,如減息預期重燃,估計其收益率可能有所下降。該行預期電能的兩項監管資產(SA Power Network與Northumbrian Water)下半年的結果更為明朗,准許回報及資本開支有上行空間,相信可成為公司股價催化劑。此外,該行預期長實將披露更多併購交易,因為管理層提及正尋找更多的併購機會,儘管長建及電能於上半年已宣佈對天然氣網絡及太陽能項目的收購,但該行預期將有更多交易,並估計每達成一項交易,將推動股價更高。該行的首選依次序為電能實業及長建、香港中華煤氣及中電控股。
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