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《大行報告》大和升中海油(00883.HK)評級至「跑贏大市」 指最壞情況似乎已過
阿思達克 05-18 16:01
大和發表報告指,布蘭特期油今日升至每桶33美元,6月及7月紐約期油亦升穿過去一個月高位的每桶30美元。雖然庫存風險仍在,特別是6月紐約期油到期交付,但由於控制供應及全球經濟活動逐步恢復,該行相信油價最壞時間已過。

該行表示,油價反彈後,中海油(00883.HK)今年的自由現金流壓力得到釋放。假設布蘭特油價今年處每桶38美元,大和的壓力測試顯示中海油的經營現金流為670億元人民幣,足以覆蓋該行預期集團今年的資本開支637.5億元人民幣。

大和上調中海油股份評級,由「持有」升至「跑贏大市」,目標價由8.2元上調至9.5元,並上調今明兩年每股盈利預測,以反映油價上升預測。

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