《大行报告》美银美林下调上石化(00338.HK)目标价至3元评级「跑输大市」
美银美林发表研究报告,预期上石化(00338.HK)今年第二季除税前溢利8亿元人民币,按年减少54%,主要是因为更好的息税前利润表现被较弱的化学品价差抵销。另外,料上半年的净利润为14亿元人民币,意味按年下跌60%。
该行相信,公司或会在石化市场失却市占率。另外,基於疲弱的化学品毛利率前景,将其2019至2021年纯利预测下调15%至23%,重申其「跑输大市」投资评级,目标价由原来的3.5元下调至3元。
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