兴业证券：给予粤海投资(00270.HK)“增持”评级 目标价18.55港元

原标题：兴业证券：给予粤海投资(00270.HK)“增持”评级 目标价18.55港元 来源：同花顺金融研究中心

兴业证券12月3日发布公告。Guangdong Investment is a high-quality enterprise under the Guangdong Provincial Government. It currently operates 4 business segments and has a 30-year concession for Dongshen Water Supply Project. The return on major assets is high and dividends are continuously increasing with rising earnings, realizing double boost of earnings and valuation. We believe that the company's stable return on assets and continuously optimized financial conditions will ensure the company to achieve a continuously increasing annual dividends. and both earnings and valuation lifts are still two important factors driving the company's share price up. We initiate coverage of Guangdong Investment, with an “outperform” rating, and the SOTP valuation gives a target price of HKD 18.55.