此外，美联储近期宣布降息50个基点。花旗此前表示，预计减息周期有利香港公用股，后者股价历史上与美国国债收益率具高关连度。该行指出，在美国十年期国债收益率处3.9%水平下，该行认为预测今年收益率逾5%而具高盈利可见度的股份具吸引力，包括北控水务等。bj ent water (00371) rose more than 6% intraday, as of the press release, up 5.07%, at 2.28 Hong Kong dollars, with a turnover of 70.9691 million Hong Kong dollars.
According to the Wisdom Financial News APP, bj ent water (00371) rose more than 6% intraday, up 5.07% as of the press release, at 2.28 Hong Kong dollars, with a turnover of 70.9691 million Hong Kong dollars.
On the news front, bj ent water previously released its interim performance, with revenue of 11.309 billion yuan, a 6.41% decrease year-on-year; shareholders' attributable profit of 1.122 billion yuan, a decrease of 18.08% year-on-year; proposing a mid-term dividend of 7 Hong Kong cents per share, unchanged year-on-year, with a dividend payout ratio of 60%. GTJA pointed out that the company is the leader in the nation's water treatment industry in terms of production capacity, with stable growth in sewage and water supply business; as capital spending enters a downward cycle, cash flow improves, stable high dividends, significant high dividend characteristics, and is expected to undergo a value reassessment.
In addition, the Federal Reserve recently announced a 50 basis point rate cut. Citigroup previously stated that the rate cut cycle is favorable for Hong Kong's utilities industry, with the latter historically highly correlated with U.S. Treasury yields. The bank pointed out that with the U.S. ten-year Treasury yield at a level of 3.9%, the bank believes that stocks with a forecasted yield of over 5% and high profit visibility are attractive, including bj ent water.
