野村:新奥能源(2688.HK)重组股权计划不影响业务前景 吁“买入”
野村发表研究报告指,新奥能源(2688.HK)早前宣布计划重组股权,认为重组计划不会对公司的业务前景造成影响,主席王玉锁的持股下降,而在澳洲的Santo的持股则会上升,或反映出投资机会将跟随天然气供应链将从中游转移至上游的负面讯息。该行维持新奥能源目标价103港元,以及“买入”评级。
野村表示,新奥能源主席王玉锁计划将所有持股,转让至新奥生态控股(600803.SH),两间公司均由他控制。公司在昨日(10日)公布进一步详情。该公告表明,由于在Santos的股权有限,新奥生态控股对Santos的天然气供应及生产业务没有控制权,并无法发挥协同效应,相信这是作出重组计划的原因。
该行认为,今次的事件或未如预期,同时建议投资者可利用新奥能源近期股价疲软趁机吸纳。
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