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《大行報告》里昂升華潤燃氣(01193.HK)目標價至42元亦看好港華燃氣(01083.HK)
阿思達克 06-26 11:18

里昂發表研究報告,引述數據指2019年5月中國平均液化天然氣進口每單位成本為8.7美元/MMBtu,較2018年12月高位跌22%,並按年跌6%,是27個月以來首次下跌。渠道天然氣進口單價亦有下跌。

該行指,經過2017及2018年進口單位成本累積上升40%後,上述調整受市場歡迎,並可支持分銷商毛利率。該行預期未來行業毛利率收縮放緩,上調華潤燃氣(01193.HK)2019-2021年盈利預測0%-3%,新奧能源(02688.HK)上調1%-5%。

里昂將華潤燃氣目標價由39元升至42元,新奧能源目標價由74元升至77元。行業中,該行偏好港華燃氣(01083.HK)(給予「買入」評級,目標價7.4元)及華潤燃氣(給予「跑贏大市」評級);維持新奧能源「跑輸大市」評級。

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