匯豐:首予中國燃氣(0384.HK)“買入”評級 目標價38港元
匯豐發佈報告稱,首予中國燃氣(0384.HK)“買入”投資評級,目標價38港元。
該行稱,公司背後有北京控股(0392.HK)支持,加上也是中國燃氣行業其中一個龍頭,相信這個組合能予公司穩定的執行能力及強勁的銀行信貸支持。
另外,公司今年將開始從俄羅斯引入燃氣,而公司有19%燃氣管道項目坐落東北地區,較同業的9%高,可見上述項目具備地理優勢。除此之外,該行相信,公司“煤改氣”的憂慮已減退,公司從政策中取得顯著增長,所以,當市場擔心“煤改氣”可能未必再獲政府補貼後,該行稱公司仍會於中期取得增長,並預計公司非天然氣2020-2021年度收入佔比升幅達4-5成。

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