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《大行報告》大和上調中石油(00857.HK)目標價至3.3元 評級「跑贏大市」
阿思達克 03-09 09:52
大和發表報告指,油價走勢在未來兩個月的能見度更為清晰,布蘭特油價在昨日(8日)升至超過每桶70美元,為疫情以來的首次,相信是次油價上升,是因也門胡塞武裝組織於3月7日攻擊沙特的石油設施、美國德州天氣惡劣,及OPEC+維持現有的減產計劃。

該行相信,國際油價維持穩定於每桶60至70美元,有助支持中石油(00857.HK)的盈利改善,將對集團今年的布蘭特油價假設由每桶50美元調升至62美元,明年則由58美元升至65美元,並因而上調其今明兩年每股盈利預測37%至52%。

業績方面,該行稱中石油早前已公布去年純利料介乎167億至207億元人民幣,按年下跌55%至63%,相信市場或已反映其疲弱的業績表現。

大和上調中石油股份目標價,由2.7元升至3.3元,相當預測市賬率0.44倍,反映油價上升,維持對其「跑贏大市」評級,認為即使集團年初至今股價已上升27%,但其估值仍然吸引,相當於一年預測市賬率僅0.4倍。

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