【国海证券:煤炭上市公司呈现“五高”特征】国海证券研报称,目前煤炭行业基金重仓股持仓占比延续低配,赛道并不拥挤,叠加10年期国债收益率持续下行,煤炭行业价值属性凸显,同时从大方向来看,预计未来几年,煤炭行业依然维持紧平衡状态,煤炭行业资产质量高,账上现金流充沛,煤炭上市公司呈现“高盈利、高现金流、高壁垒、高分红、高安全边际”五高特征。建议关注:1)稳健型标的,中国神华、陕西煤业等;2)动力煤弹性较大标的,兖矿能源、晋控煤业等;3)焦煤弹性较大标的,平煤股份、山西焦煤等。

金融界
24 Jan
国海证券研报称,目前煤炭行业基金重仓股持仓占比延续低配,赛道并不拥挤,叠加10年期国债收益率持续下行,煤炭行业价值属性凸显,同时从大方向来看,预计未来几年,煤炭行业依然维持紧平衡状态,煤炭行业资产质量高,账上现金流充沛,煤炭上市公司呈现“高盈利、高现金流、高壁垒、高分红、高安全边际”五高特征。建议关注:1)稳健型标的,中国神华陕西煤业等;2)动力煤弹性较大标的,兖矿能源晋控煤业等;3)焦煤弹性较大标的,平煤股份山西焦煤等。

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