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《大行報告》瑞銀升中海油服(02883.HK)評級至「買入」 目標價11元
阿思達克 03-23 10:20
瑞銀發表研究報告指,中海油服(02883.HK)的股價已自2月份高位回落近30%,考慮到去年第四季及今年首季表現,認為近期股價回落為投資者帶來買入機會,預期現價水平相當於遠期稅後資本回報率近6%,與遠期布蘭特原油每桶50美元水平相符。

該行預期今明兩年中海油服每股盈利將分別達到0.47及0.62元人民幣,指出因對2月份原油及股票市場表現感擔憂,其盈利預測較市場預期低,但認為當前股價已充分反映保守的市場預期,予目標價11元。

瑞銀引述行業數據指,由於設備退役的影響,去年全球鑽探機隊規模收縮約5%,料有助穩定設備利用率,認為更換週期及行業整合,料致未來幾年鑽探機將繼續退役,中海油服管理層指日費率回升將較油價落後一至兩年,該行相信市場已在估值上充分反映上述因素,將中海油服評級由「中性」升至「買入」。

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