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大摩:升港華燃氣(1083.HK)評級至增持 料煤氣提出私有化計劃
格隆匯 05-18 14:33

摩根士丹利發表報告表示,港華燃氣(1083.HK)估值吸引,加上母公司香港中華煤氣(0003.HK)或提出私有化,故將港華燃氣評級由大市同步上調至增持,目標價則由5.8港元下調至4.5港元。

報告表示,煤氣2006年以每股4.18港元的價格收購港華燃氣45%股權,並已表達整合兩家公司運營平台的意願,煤氣估值高於港華燃氣,使得燃氣項目轉到港華燃氣的計劃難以執行,將港華燃氣私有化是選項之一,因港華燃氣的估值折價、母公司盈利能力下降等。

大摩指,港華燃氣較其母公司之間的折價達到2006年以來最高,母公司收購港華燃氣剩餘股份將有助於提升其盈利。

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