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《大行報告》瑞銀下調中石化(00386.HK)目標價至4.4元 評級「買入」
瑞銀發表研究報告指出,該行全球石油團隊已對今年布油預測,由每桶81美元上調至95美元,而2023年亦由每桶80美元上調至85美元。 該行提及,中石化(00386.HK)H股價格已從今年2月的高位下降近10%,可能是由於對油價擠壓煉油利潤的風險、政府限制成品油出口配額、天然氣進口成本上升風險及減碳產生潛在成本的憂慮。另認為中石化H股的股息率可持續維持超過14%,具吸引力。雖然公司對低碳戰略投資如氫能的中期回報構成風險,但估計長期而言可產生強勁的回報。對其目標價由4.6元降至4.4元, 評級「買入」。
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