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花旗:下調中石油(0857.HK)目標價至4.7港元 季績遜預期
格隆匯 10-31 16:30

花旗發表報告指,中石油(00857.HK)今年第三季純利為88億元人民幣,按季下跌51%,低於該行預期的100億元人民幣。雖然集團煉油及銷售表現有改善,但油價低使勘探及開採業務表現疲弱,和進口天然氣虧損上升,都導致集團季績遜預期。另外,集團今年首九個月純利為370億元人民幣,亦僅佔該行原先全年預測的56%。

花旗下調中石油股份目標價,由5.8港元降至4.7港元,評級維持“買入”,並下調集團今年盈測20%,以反映進口天然氣虧損增加,及該行將每桶布蘭特油價預測下調5美元至65美元。此外,基於煉油及銷售業務毛利假設較低,明年及2021年盈測亦下調12%。

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