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大摩:維持中集安瑞科(3899.HK)“增持”評級 目標價7港元
格隆匯 02-07 14:44
摩根士丹利發表研究報告指,雖然2019年液態天然氣的拖車需求低迷,但受到液態天然氣市場強勁及中集安瑞科(3899.HK) 2020至2021年的產品重組所支持,認為其能源板塊的盈利會因為毛利率改善而有所提高,相信公司的負面因素已反映在股價內,維持“ 增持 ”投資評級,目標價由原來的7.8港元下調至7港元。
另外,大摩將公司2019至2021年度的盈利預測分別下調10%、7%及8%。雖然下調盈利預測,但仍對其能源板塊維持正面看法,主要是由於中國政府已意識到天然氣消費在清潔能源戰略中的重要性,料在2020年天然氣將佔整體能源消費約10%(2019年約7%),意味需求強勁,而公司將會是其中一個最大的受惠者,因為其在運輸至存儲方面具有全方位的液化天然氣供應鏈。

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