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大和:下調中石油(0857.HK)目標價至2.55港元 油價走軟挫業務
格隆匯 03-18 16:25

大和發表研究報告表示,中石油(0857.HK)勘探與生產(E&P)業務受油價持續走軟所累,將其2020年及2021年勘探與生產收入預測分別下調13%及4%。該行預期油價成本高企,料今年油價每桶32.4美元,促使中石油今年或錄EBIT虧損455億元人民幣,將中石油目標價由3.1港元下調至2.55港元,投資評級由“優於大市”降至“持有”。

該行表示,料中石油分拆旗下石油和天然氣管道資產予國家管網公司,有關舉動將成為今年第四季的潛在催化劑,並指分拆將在今年底前完成,該行預計相關分拆資產價值達3700億元人民幣。

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