Glonghui, May 9 | Motong published a report saying that in the past month, Hong Kong's public stock performance outperformed the Hang Seng Index by 7%, mainly due to reduced expectations of US interest rate hikes and depreciation of the US dollar. It is also believed that the sector will continue to outperform, benefiting from attractive valuations and the expected rebound in performance in the first half of this year. According to the bank, Changjiang Infrastructure (1038.HK) and Electric Energy Industry (0006.HK) are the first choice in the sector, mainly because they are most sensitive to foreign exchange appreciation and have a yield of about 6%. Each has an “increase in holdings” rating. Changjian's target price has risen from HK$50 to HK$52, and the target price of electricity has risen from HK$50 to HK$51.5. In addition, Motorcom raised the target price of CLP Holdings (0002.HK) from HK$52 to HK$57, maintaining a “neutral” rating, and indicated that as Australia's electricity bill rises and is reflected in its profit, it believes the second half of the year will be a good entry point. Motong also anticipates that Hong Kong's China Gas (0003.HK) profit may rebound by more than 15% this year, benefiting from improvements in gas sales and unit profit, and raised its target price from HK$6 to HK$6.5, and the rating from “reduced holdings” to “neutral”.
大行评级 | 摩通:上调香港公用股目标价 升煤气评级至中性
Big Bank Ratings | Motong: Raise the target price of Hong Kong's public stocks and raise the gas rating to neutral
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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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Risk Disclaimer
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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