The Report is produced in Chinese only.
雅江水電萬億工程正式開啟,有哪些機遇可期待? 7月19日,雅魯藏布江(簡稱:雅江)下游水電工程開工儀式在西藏自治區林芝市舉行。國務院總理李強出席開工儀式。雅魯藏布江下游水電工程將建設5座梯級電站,項目建設週期預計10年,電力主要以外送消納為主。首先,雅江水電的工程總投資約1.2萬億元,相當於6個三峽,或4個川藏鐵路,或10個港澳珠大橋的投資額,堪稱史無前例的龐然巨艦,裝機容量達到6000-8100萬千瓦,預計年發電量3000億千瓦時(相當於三峽工程的3倍)。2024年我國廣義基建投資額約14.1萬億,雅江水電的年均投資額約1200億,占了0.85%。 其二,為保障工程實施,國務院專門批准成立第99家央企“中國雅江集團”,隸屬國務院直管,凸顯國家戰略層面的高度重視。工程對西藏經濟的拉動遠超想像,總投資的42%將轉化為本地採購,拉爆當地產能。投產後,西藏每年可獲200億元稅收,相當於2024年全區財政收入的27%。建成後,外輸的電力不僅造福中東部省份,還將惠及東南亞南亞鄰國的用電需求。 最後,從投資機會上,我們認為獲益的行業包括建設期的機械設備,水泥,爆破,基建,水電設備,電網等,相關的個股建議關注三一重工(6031.HK),中聯重科(1157.HK), 西藏天路(600326.CH),東方電氣(1072.HK),中國電建(601669.CH),蘇博特(603916.CH),中鐵工業(600528.CH)。 |
|
|
This report is produced and is being distributed in Hong Kong by Phillip Securities Group with the Securities and Futures Commission (“SFC”) licence under Phillip Securities (HK) LTD and/ or Phillip Commodities (HK) LTD (“Phillip”). Information contained herein is based on sources that Phillip believed to be accurate. Phillip does not bear responsibility for any loss occasioned by reliance placed upon the contents hereof. The information is for informative purposes only and is not intended to or create/induce the creation of any binding legal relations. The information provided do not constitute investment advice, solicitation, purchase or sell any investment product(s). Investments are subject to investment risks including possible loss of the principal amount invested. You should refer to your Financial Advisor for investment advice based on your investment experience, financial situation, any of your particular needs and risk preference. For details of different product's risks, please visit the Risk Disclosures Statement on http://www.phillip.com.hk. Phillip (or employees) may have positions/ interests in relevant investment products. Phillip (or one of its affiliates) may from time to time provide services for, or solicit services or other business from, any company mentioned in this report. The above information is owned by Phillip and protected by copyright and intellectual property Laws. It may not be reproduced, distributed or published for any purpose without prior written consent from Phillip.