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《大行報告》瑞信下調中海油(00883.HK)目標價至16.2元 評級維持「跑贏大市」
阿思達克 03-02 13:57
瑞信發表研究報告,引述市場消息指中海油(00883.HK)的母公司正考慮將其擁有的天然氣與電力部門出售予中海油上市公司。據了解,此舉可透過與賣方重新談判長期合約,並讓中海油上市公司收購上游項目的股份作為交換,以減輕中海油集團液化天然氣進口的虧損。該行認為,這情況若真的發生,將會對中海油不利,因為這將會削弱其在中國石油巨頭中作為純勘探與生產企業的地位,增加了類似於中石油的天然氣政策風險。該行又指,中海油今年的生產及資本開支目標仍完好,並有受到新型冠狀病毒爆發影響。此外,公司2019財年的業績中理應在同業中表現最好。基於不確定性增加,該行對公司的目標價由原來的18元下調至16.2元,對於油價的預期仍維持於2020年每桶63美元,及長期為每桶65美元不變。中海油仍是該行在「三桶油」中的首選,維持「跑贏大市」評級。
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