You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
瑞信:升崑崙能源(0135.HK)目標價至8.5港元 維持跑贏大市評級
格隆匯 06-15 11:13

瑞信發表研究報告,將崑崙能源(0135.HK)目標價由6.5港元調高至8.5港元,維持跑贏大市評級。雖然新型肺炎疫情帶來影響,但集團下游天然氣銷售年初至今仍強勁,首4個月有20%的增長,高於城市燃氣同業平均跌3%的表現。根據目前的趨勢,集團有望實現今年增長15%的目標。

除了下游天然氣,集團其他業務4月至今亦有明顯改善,液化天然氣接收站的利用率達到75%,並一直高於今年65至70%的目標。而液化天然氣加工廠的利用率去年已提升至高於44%。

城市燃氣營運商股價已恢復至年初的水平,不過崑崙股價年初至今跌30%。雖然銷售增長較高,但目前較同業的股價有60%不合理折讓。基於下半年有潛在催化劑,即管網公司料投入營運,相信將引發重估,並收窄其與同業之間的估值差距。

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account