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《大行報告》中石油(00857.HK)投資評級及目標價(表)
阿思達克 03-18 16:15
中石油(00857.HK.HK)將於下周四(25日)公布去年業績,受新冠疫情影響,期內油價一度斷崖式下跌,旗下成品油銷售大減下,但自去年6月起逐季向好,本網綜合8間券商料中石油2020年純利介乎177.56億至250.64億人民幣,較2019年456.82億人民幣,按年下跌45.1%至64.7%,中位數193.48億元人民幣,按年跌57.6%。

據公司今年1月底曾發出業績預告指出,經初步測算按中國企業會計準則,預計去年度純利將按年減少250億至290億元人民幣,減幅為55%至63%。中石油料去年扣除非經常性損益純利按年減少730億至770億元人民幣,按年比下降136%到144%。另一方面,公司去年完成與國家石油天然氣管網集團的管道資產重組交易,產生稅後淨收益約320億元人民幣。

中銀國際近日指,布蘭特期油近三個月已累積回升45%,料可改善公司今年營運前景,提升股本回報率表現,投資者將聚焦管理層最新生產及毛利率等指引。

本網綜合11間券商列出中石油的投資評級及目標價:

券商│投資評級│目標價(港元)

高盛│買入(確信買入名單)│4.7元

星展│買入│4元

瑞信│跑贏大市│3.9元

中銀國際│買入│3.75元

瑞銀│買入│3.6元

大和│跑贏大市│3.3元

法巴│買入│3.3元

匯豐環球證券│持有│3元

里昂│跑贏大市│2.5元

花旗│沽售│2.2元

摩根大通│減持│2.06元

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