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摩通:降中海油(0883.HK)目標價至9港元 評級“跑贏大市”
格隆匯 12-09 15:45

摩根大通發表研究報告指,中海油(0883.HK)的股價自6月以來累跌20%,對比恆指同期上升8%,表現未受近期油價反彈所帶動。

報告指出,中海油為中國最大的原油和天然氣海上生產商,亦為亞洲成本最低的石油生產商之一,中海油的整體生產成本為每桶26美元,今年上半年收支平衡成本為每桶25.7美元,較內地同業低26%至38%,與國際石油公司相比也具有競爭力。

摩通預測2021年油價達每桶45美元,長遠相信油價可升至每桶60美元,估計在每桶45美元的情況下,中海油可能產生290億元人民幣的淨利潤,升至60美元或產生淨利580億元人民幣。摩通給予中海油“跑贏大市”評級,目標價由11.13港元降至9港元。

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