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《大行报告》高盛降华润燃气(01193.HK)评级至「沽售」目标价下调至36.5元
阿思达克 07-15 14:38

高盛发表研究报告,下调对华润燃气(01193.HK)销量增长的预期,主要由於经济环境转弱,以及使用率降低(尤其是出口导向厂房)所致。

该行又指,华润燃气股价年初至今累升约36%,跑赢大市(同期MSCI中国指数升10%,国指升7%,同业升16%)。此外,该行相信公司上半年销量将差过早前指引;而早前公司股息回报率强劲支持股价,但该股股价跑赢大市後,目前股息回报与同业同步。

为反映天然气消费量增长预测下调,及潜在接驳业务利润率受挤压,高盛下调润燃2019至2021年各年每股盈测分别1%、4%及3%。该行将华润燃气评级由「中性」降至「沽售」,目标价下调8%至36.5元。

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