大行評級|摩根大通:對中國燃氣公用股持正面看法 偏好華潤燃氣
摩根大通發表報吿指出,中國燃氣公用股上半年的業績再次印證該行對行業正面看法,燃氣量穩步增長(按年升逾5%),利潤率及自由現金流有所改善。大部分燃氣公司均承諾穩定派息及/或提高派息,令燃氣股收益率吸引。
該行料燃氣股可受惠於利潤前景、現金流及監管環境改善。行業中,該行偏好潤燃,認為其上半年業績強勁,估計三個月內跑贏同業。另看好新奧12個月的上升空間最大,相信市場對其銷量增長及企業管治的憂慮過度,予其目標價為65港元,評級“增持”。該行維持中國燃氣“中性”評級,目標價為6.5港元。
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