《大行报告》瑞银降中海油服(02883.HK)评级至「中性」 目标价上调至11元
瑞银发表报告,相信中海油服(02883.HK)将有强劲的盈利上升周期,市场对此已有部分反映。不过,该行认为市场或对集团今年的盈利增长过份乐观,因去年盈利包括了集团与挪威石油公司Equinor就作业合同和解所获的13亿元人民币,而日费率亦料会继续受压。
该行表示,中海油服H股股价较去年11月的低位反弹逾倍,目前已回到约一年前水平,而H股现时仍较去年1月的高位下跌约20%,与油价的下跌大概一致。另外,该行相信集团H股反映税後投资资本回报率为7.5%,与油价稍低於近期现货水平相符。
瑞银下调中海油服H股评级,由「买入」降至「中性」,目标价则由9.8元上调至11元。行业中,该行喜好中海油(00883.HK)及海油工程(600583.SH),评级均为「买入」。
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