《大行報告》瑞銀:OPEC+減產難阻全球油庫存升 亞太行業喜愛中石化
就油組及俄羅斯等產油國(OPEC+)同意未來兩個月每日減產970萬桶,瑞銀發表報告,料其他國家包括美國、加拿大、挪威及巴西亦計劃減產屬一個好開始,但無論如何,該行料全球今年第二季石油需求每日下降1,700萬桶,料第二季石油庫存仍會增加。
該行指,雖然國際油價近日有所復甦,但料市場同業將進一步下調對石油企業的盈利預測,料中國石油國企於今年首季業績發布會上將會明顯削減資本開支。
瑞銀表示調整該行亞太區石油股首選股(喜愛股份)名單,將中石化(00386.HK)及浙江新和成(002001.SZ)加入,指隨著全球石油需求復甦下,中石化擁下遊業務及自由現金流強勁,將可在較低油價環境下處有利位置,同時在首選股名單中剔出中海油(00883.HK)、中海油服(02883.HK)及萬華化學(600309.SH)。
而該行不喜愛行業股份名單新加入中石油(00857.HK)及韓國SK Innovation(096770.KS),指中石油原油成本較高及派息前景較弱。(wl/k)
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