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花旗:中海油服(2883.HK)股價回調是買入機會 予目標價10港元
格隆匯 01-24 12:37

中海油服(2883.HK)發盈警,預期去年度純利按年減少23.5億元至24.7億元(人民幣.下同),按年減少87%至91%;並預計去年計提固定資產減值損失約20.1億。花旗發表研究報吿指,儘管中海油服的核心盈利符合預期,但由於減值損失金額意外地多,料其股價將承壓;但預期該集團今年在海外內的業務將見改善,認為股價回調將提供買入機會。該行維持“買入”評級,目標價10港元。

報吿指出,中海油服的附屬公司與挪威石油公司Equinor為期8年的鑽井合約已於去年四月到期,據悉該長期合約的日費率高至33.2萬至33.5萬美元,對比2023年春季生效的新合約僅25.5萬美元高得多,因此懷疑集團去年大額的減值損失,與現時鑽井合約日費率較2013年時大幅回落有關。

報吿又提到,中海油服今年的資本支出預算相對持平於900-1000億元,並可能在2023-2024年維持於1000億元水平,預期該集團將於海外市場投入更多資源發展,以推動公司成長。

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