瑞信:下調中海油(0883.HK)評級至“跑輸大市” 目標價降至7港元
瑞信發表報告,下調對布倫特油價預測,其中今年預測由每桶63美元降至42美元,明年預測由65美元降至50美元,並預期油價在未來數季仍會受壓,主要是OPEC+聯盟瓦解,及沙特阿拉伯與俄羅斯進行價格戰等原因。
該行認為,當油價處於每桶42美元時,中海油(0883.HK)需掙扎在今年保持正現金流,或可能是集團自上市以來首次處負現金流的一年,因集團現時的資本開支較2016年高66%,而且按照新項目排程,在今年大幅下調資本開支的空間有限。
該行下調對中海油股份評級,由“跑贏大市”降至“跑輸大市”,目標價由16.2港元大幅下調至7港元。

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