《大行报告》花旗上调上石化(00338.HK)目标价至2.6元 评级「买入」
花旗发表报告指,上石化(00338.HK)发盈警,预期去年纯利按年下跌69%至74%,到5.66亿至6.92亿元人民币,意味去年第四季纯利约13亿元人民币,按年增长135%,按季增长18%。
该行表示,季度盈利势头强势,相信是由存货收益及化工品价差大所推动,若杜拜原油至本季尾价格可维持在目前的每桶55美元水平,集团预计将再获每桶3美元的存货收益。
花旗上调上石化股份目标价,由2.11元升至2.6元,评级维持「买入」,并调升集团2020年至2022年盈利预测分别222%、27%及16%,以反映去年第四季更强的盈利表现及存货收益,加上今明两年有更佳的化工品价差。
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