《大行報告》匯豐研究降上石化(00338.HK)評級至「持有」目標價削至2.53元
匯豐環球研究發表報告指,上石化(00338.HK)營運環境轉差,而且幅度較預期快,主要由於油產品銷量大跌,及化工產品利潤率下降。該行預期化工業務盈利能力將大幅下降,煉油業務於上半年接近收支平衡則為意料之外。基於毛利率下降,該行降上石化四個主要業務板塊營運盈利預測,降今年盈利預測48%,降2020年及2021年預測分別49%及42%。評級自「買入」降級至「持有」,目標價自4.96元大削至2.53元。
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