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大摩维持昆仑能源(0135.HK)“增持”评级目标价9.5港元
格隆汇 08-19 16:34

摩根士丹利发表报告指,於A股上市的金鸿控股(000669.SZ)于上周五(16日)公布,计划向昆仑能源(00135.HK)子公司昆仑燃气出售17个城市燃气项目。根据金鸿表示,17项资产的权益账面值及总收购价估计分别为10.42亿元及16.55亿元人民币,交易预计将分三期以现金结算。

大摩表示,金鸿公告中提到17项资产在去年的应占利润为1.43亿元人民币,因此估计是次交易的市账率及市盈率分别约为1.6倍和11.6倍,估值与行业可比对象相比是有吸引力。

该行维持对昆仑能源的“增持”评级及目标价9.5港元,并对集团的下游天然气业务保持正面,认为集团作为控制中国内地60%至70%天然气供应的中石油(00857.HK)的唯一下游平台,其在下游城市燃气扩张方面可有强大优势。

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