《大行報告》瑞銀:市傳中海油(00883.HK)或獲母企注入低回報燃氣電廠資產 市場疑慮增
據《路透》引述消息透露,中國海洋石油集團計劃將其液化天氣然碼頭及燃氣電廠等相關資產注入上市公司中海油(00883.HK)。瑞銀發表報告表示,認為市場不會喜歡今次注資傳聞,因中海油去年才向母公司收購煤氣層項目,而投資者會關注中海油母企將虧損或低回報的資產注入上市公司,會增加市場對中海油的疑慮,並留意潛在注資所帶來風險。
該行指,據集團報告指去年燃氣及電力分部去年錄較大虧損,而內地燃氣電廠因天然氣因素,一般傳統上會錄得虧損。
瑞銀表示,由於注資傳聞並無詳情,但該行估計8,400MW的燃氣電廠的重置成本高達340億人幣,此以撇除液化天氣然碼頭資產估值,而該行期待中海油管理層就相關傳聞作出澄清或解釋。而該行予中海油「買入」投資評級及目標價15.5元。(wl/a)
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