一文綜合券商於中石油(00857.HK)公布季績後最新評級、目標價及觀點
中石油(00857.HK)今早股價抽高，盤中曾高見2.92元一度搶高5.8%，最新報2.9元上揚5%。摩根大通表示，中石油首季業績強勁，純利按年升2.71倍及按季升2.1倍，相當於對其今年預測58%，其中天然氣與管道板塊實現經營利潤按年升63%令人驚喜，相信其可獲市場重估，並決定上調對今明兩年每股盈利預測各41%及15%，重申「增持」評級及目標價3.6元。
中石油昨收市後公布截至今年3月底止首季業績，營業額5,519.23億元人民幣按年升8.4%。虧轉盈賺277.21億人民幣，上年同期蝕162.3億人民幣；每股盈利15.1分。首季集團實現油氣當量產量4.17億桶，按年同期增長0.8%，原油平均實現價格每桶55.7美元，按年同期增長2.4%，其中國內實現價格每桶55.62美元，按年同期下降1.4%；天然氣平均實現價格每千立方英尺6.56美元，按年同期增長28.6%。
【季績遠勝預期 瑞信升目標價】
大和表示，中石油首季核心盈利錄280億人民幣，錄七年來最高水平，期內純利亦明顯高於市場原先預期，達到證券同業對其全年預測的52%，主要受惠於實現天然氣價格按年上升29%，期內天然氣與管道板塊實現經營利潤按年升63%，即為集團首季EBIT最大貢獻部份，重申對其「跑贏大市」評級。
瑞信表示，上調對中石油目標價由4.2元升至4.5元，維持「跑贏大市」評級，首季業績遠勝市場預期，消除了市場對其盈利能力的憂慮，料市場對其業績反應正面，決定上調對其2021年至2023年每股盈利預測各85.1%、36.1%及45%。
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本網綜合6間券商對中石油最新的投資評級、目標價及觀點：
券商│投資評級│目標價((港元)
瑞信│跑贏大市│4.2->4.5元
摩根大通│增持│3.6元
瑞銀│買入│3.6元
大和│跑贏大市│3.3元
里昂│跑贏大市│3.2元
花旗│中性│3元
券商│觀點
瑞信│首季業績強勁，迎來明顯轉向
摩根大通│天然氣業務盈利表現令人驚喜，升今明兩年股盈預測各41%及15%
瑞銀│首季純利達市場對其全年預測56%
大和│首季純利遠勝市場預期，確認「跑贏大市」評級。
里昂│下游業務迎轉向，顯示內地燃油需求復蘇
花旗│首季業績勝期，受惠煉油業務優預期及進口天然氣錄盈利
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