The Zhitong Finance App learned that Xiaomo released a research report saying that maintaining a positive view of Hong Kong's public stocks, the industry preferred Changjiang Infrastructure (01038) and Electric Power Industry (00006), followed by Guangdong Investment (00270), and finally CLP Holdings (00002). As US inflation falls and interest rate hike expectations weaken, the bank believes that Hong Kong public stocks have good investment value. It estimates that the relevant shares will provide a 7% dividend yield, which is more than 300 basis points higher than the average interest rate on US ten-year treasury bonds.

According to the report, the financial directors of Changjiang Infrastructure, Electric Power Industries, CLP Holdings and Guangdong Investment participated in the public stock forum held by the bank and indicated that business prospects will improve as they enter next year, which can support stable dividend payments and a rebound in profits. Specifically, the bank believes that Changjian and Electric Energy's British/Australian regulated assets should be able to permanently appreciate next year as inflation-linked adjustments are adjusted, and Electric Energy's share buybacks are also expected to support the valuation. As for CLP, it is expected that the rise in Australian electricity prices will be transferred to profits in the second half of next year, while Guangdong Investment will guide dividends to increase by 2% to 3%. The bank estimates that its dividend yield will be around 9%.