瑞銀:升煤氣(0003.HK)評級至“中性” 目標價上調至16.2港元
瑞銀髮表報告指,煤氣(00003.HK)近期股價疲弱,因而上調其股份評級,由“沽售”升至“中性”,目標價由16港元上調至16.2港元,認為集團的估值與全球行業相比屬合理。
該行表示,煤氣股份自今年5月開始回調了約10%,相信主因香港業務的盈利下降,及新的上游能源業務表現欠佳。瑞銀分別下調煤氣今年至2021年的盈利預測10%、12%及2%,以反映有關業務表現,目前預期集團今年至2022年的盈利年均複合增長率為8%。
該行相信,雖然香港的用氣需求增長放緩,但在明年氣温回覆正常及新客户增長帶動下,可大部分抵銷因經濟疲弱導致的潛在用氣需求下跌。

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