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大和受惠国家石油天然气管道公司吁“买入”新奥能源(2688.HK)
格隆汇 07-26 12:49

大和总研发表研究报告指,成立国家石油天然气管道公司会使中游管道营运商获得估值重新评估。该行指,天然气分销商能受惠于更优惠的天然气来源及中期能增加渗透率。该行认为中游及下游天然气公司能在今年末季受惠,建议买入新奥能源(2688.HK)及中石化冠德(0934.HK)。

大和预期,上半年天然气分销商及中游管道公司业绩将稍逊预期,主要由于过去的冬天较和暖导致天然气销售量增长持平,加上在经济放缓的环境下,高毛利率的工业天然气销售量增长按年急速放缓。不过,随著成立国家石油天然气管道公司,该行相信能为上述两者带来正面影响。

另外,该行予华润燃气(1193.HK)及昆仑能源(0135.HK)“优于大市”投资评级。

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