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《大行報告》野村下調煤氣(00003.HK)目標價至10.46元 評級「減持」
阿思達克 08-19 10:17
野村發表的研究報告指,煤氣(00003.HK)上半年業績一如預期疲弱,期內可持續淨利按年跌21%至29.7億元,主要因為中港燃氣銷量跌4%,而內地公用及新能源分部的稅後經營溢利分別跌17%及25%,此外來自新能源分部的資產減值撥備達3.23億元,派中期息每股0.12元符預期。

該行指出,假如政府放寬社交距離措施,香港的商用及工業用燃氣需求或會恢復,但估計其他領域對盈利仍有拖累,包括是內地工業用燃氣需求弱,加上政策傾向中小企,或會為利潤帶來壓力,加上內地新能源板塊的利潤亦同樣受壓,將2020/21年淨利預測分別降24%及18%,以反映中港燃氣銷量較低等的影響,將目標價由13.1元降至10.46元,評級「減持」。(el/a) ~

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