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摩通:升中海油服(2883.HK)目標價至14.7港元 重申對油服股前景正面
格隆匯 02-06 11:22
摩根大通發表報告表示,重申對中資石油服務行業前景正面看法,因估計內地主要石油生產商明年上游資本開支維持雙位數字增長(2016年至2020年年增17%),對比全球石油同業僅單位數字的資本開支增長率,隨着更佳營運槓桿及更高使用率,料油服企業盈利能力可持續改善。 但無論如何,該行料今年油服行業上調價格能力有限,因三大內地油企定價能力仍強、在岸油服設備仍未完全應用、兼且離岸鑽井市場仍供過於求。
摩通對中海油服(2883.HK) 目標價由12.9港元上調至14.7港元,維持“ 增持 ”評級,調高對其今年盈利預測12%至36億人民幣。雖然料今年提價能力有限,但該行料中海油服股本回報率趨勢可持續改善,主要受惠工作量提升。

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