You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
大摩:予港華燃氣(1083.HK)增持評級 目標價6港元
格隆匯 08-18 16:16

摩根士丹利發表研究報吿指,港華燃氣(1083.HK)中期純利按年增34%至7.78億港元,若撇除一次性項目,期內經常性盈利按年升35%至7.83億元,符合該行預期。集團盈利大幅增長反映了售氣量表現強勁;燃氣接駁盈利增長24%,期內新增17%接駁業務;延伸業務盈利更升150%。該行給予其增持評級,目標價6港元。

報吿注意到,港華燃氣上半年的營運利潤率下跌0.3個百分點,而售氣業務利潤率亦降0.5百分點,但部分被燃氣接駁業務的利潤率擴張1.4百分點所抵銷。報吿又認為,售氣業務的盈利能力將會受更高的上游燃氣成本影響,城市燃氣公司有一定盈利壓力,尤其在即將到來的冬季。

報吿預料,受燃氣需求、延伸業務增長及來自上海燃氣的新增盈利推動,預料集團在2021-2023年盈利將有16%的複合年均增長率。

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.
uSMART
Wealth Growth Made Easy
Open Account