花旗:降中國石油股份(0857.HK)目標價至1.8港元 下調集團今明兩年盈測
花旗發佈報告稱,中國石油股份(0857.HK)去年純利同比下跌14%至460億元人民幣,符合該行預期,撇除資產減值147億元人民幣,核心純利為610億元人民幣,同比下跌31%。該行下調對中石油股份目標價,由2.2港元降至1.8港元,評級維持“沽售”,並進一步下調對集團今明兩年盈利預測,以反映該行對布倫特油價今明兩年的預測,由分別每桶43及49美元,降至30及38美元。該行認為,在油價低於每桶40美元的情況下,中石油今明兩年將會出現虧損,即使進口氣業務或於明年扭虧為盈,仍未能覆蓋上游業務的虧損。

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