《大行報告》大和上調港華燃氣(01083.HK)評級至「買入」 目標價升至5元
大和發表研究報告,上調港華燃氣(01083.HK)投資評級,由「跑贏大市」升至「買入」,以現金流折現率計,目標價由4元升至5元。報告稱,其本年至今股價累升約13%,估值仍僅相當於今年預測市盈率7.4倍,及預測市帳率0.7倍,較同業吸引。公司今年將回購股份以展開股權激勵計劃,進一步確認該行看法,其母企煤氣(00003.HK)正計劃在港華燃氣與上海燃氣互相持股的基礎下,改善港華燃氣估值,而不是私有化後者。
報告稱,上海燃氣與遼寧合營都是港華燃氣增長引擎。大和引述管理層料上海燃氣今年銷氣量及盈利各錄雙位數增長,並料上海燃氣液化天然氣(LNG)基建在2023年可貢獻2億元人民幣購氣成本減省,相當於港華燃氣純利7%。大和上調港華燃氣明年每股盈測4%,以反映來自上海燃氣強勁盈利貢獻。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.