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美銀:中石油(0857.HK)2021年盈利符合預期,予“買入”評級

格隆匯4月4日丨美銀證劵發研報指,中國石油股份(0857.HK)去年盈利表現符合預期,去年其税後淨利為922億元人民幣,按年增長385%,與早前公佈的盈喜一致,亦意味着去年第四季度其税後淨利為170億元人民幣,按年增長91%,按季下降23%,予H股目標價5.8港元,予A股目標價6.8元人民幣,均予“買入”評級。

該行表示,其去年進口天然氣虧損從2020年的140億元人民幣降至72億元人民幣,超出了該行預期,由於更多以市場為導向的天然氣定價機制和強大的分銷渠道,讓公司能轉嫁成本,以及2014年之前簽訂的長期合同退税約50億元人民幣,該行得悉退税政策將在今年繼續執行,亦指其去年派息為每股0.227元人民幣,派息比率為45%,股息率為6.9%,符合預期。

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