瑞信:降中石化冠德(0934.HK)目标价至3.7港元 评级“跑赢大市”
瑞信发表报告指,中石化冠德(00934.HK)上半年纯利按年跌4%至7.27亿元,主要由于天然气管道业务较预期疲弱,人民币贬值亦为影响因素之一。该行指公司上半年业绩表现大致符预期,纯利达到该行及市场全年预测之分别54%及53%。

基於预测模型变更,瑞信决定下调对中石化冠德2019年至2021年每股经调整盈利预测3.1%、6.1%及5.7%,各至0.53、0.54及0.59元,降目标价由4.4港元下调至3.7港元,此相当预测市盈率7倍,维持对其“跑赢大市”评级。
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