《大行報告》里昂降潤燃(01193.HK)評級至「跑贏大市」 下調新奧能源(02688.HK)評級至「跑輸大市」
里昂發表報告,下調華潤燃氣(01193.HK)評級由「買入」至「跑贏大市」,目標價由55元降至46元;另將新奧能源(02688.HK)評級由「買入」一舉降至「跑輸大市」,目標價由160元降至140元。
報告指,今年中國的天然氣消費增長將自去年高位放緩。Omicron擴散可能對商業和工業部門的天然氣使用構成風險,認為潤燃和新奧能源的天然氣零售增長可能從去年的16%至19%放緩至今年的11%。此外,石油上漲和國際現貨液化天然氣(LNG)價格堅挺,意味著今年中國的天然氣成本將進一步上升,對每單位利潤構成壓力。該行將兩企銷氣量及每單位利潤預測下調,相應將潤燃2022年至2023年利潤預測下調8%至9%,新奧能源則下調6%。
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