《大行报告》野村下调新奥能源(02688.HK)评级至「中性」 目标价则升至132元
野村发表研究报告,下调新奥能源(02688.HK)投资评级由「买入」降至「中性」,目标价则由110元升至132元。报告称,过去三个月新奥跑赢恒指及同业表现15%至17%,归因於公司早已签订较便宜的LNG长期合约,而冬季寒冷天气下本土及进口液化天然气(LNG)价格急升时。
不过,报告称,随着供暖需求高峰过去,本地及进口LNG价格正常化,该行相信新奥较便宜LNG长期合约的成本优势将会减褪;野村认为,新奥股价跑赢大市已反映其冬季成本优势。不过,较便宜LNG长期合约料提振下年半销气量。
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