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大行评级|摩根大通:两电新电费及资本计划对股价无推动力 宜观望至美息明朗

Bank Ratings|J.P. Morgan: Liangdian's new electricity tariffs and capital plans have no impetus for stock prices, it is better to wait and see until the US is clear

Gelonghui Finance ·  Nov 29, 2023 14:13
Greenway, November 29 | J.P. Morgan suggests wait-and-see for Hong Kong's public stocks, saying that yesterday Liangdian announced that there were no surprises or surprises in Hong Kong's electricity rate cuts or investments over the next five years, nor is it likely that public stocks will have any price impetus. It is also unlikely that public stocks will have any price impetus. It is recommended to wait and see until the trend in US interest rate interest rates is clear. Among them, China Electric Power, a subsidiary of CLP Holdings, has a five-year capital investment of 52.9 billion yuan in 2024-2028, and HK Electric Hong Kong Electric has a five-year capital investment of 22 billion yuan, a decrease of 6% and 17% respectively from the previous five years. Two new control mechanisms were added. Next year, overall electricity costs will be reduced by J.P. Morgan Chase believes that in the past, Hong Kong public stocks were completely unaffected by fluctuations in fuel prices, but under the new mechanism, special assistance will be provided when a “serious international fuel crisis” occurs. Motong believes that there will be a slight negative impact. It will await relevant definitions to assess the impact on the two public stocks. The provisional ratings are “neutral”.

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