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《大行報告》摩通:商務部下發成品油臨時出口配額 對中石油(00857.HK)及中石化(00386.HK)略正面
摩通發表報告指,商務部下發450萬噸成品油臨時出口配額,對國有油企中石油(00857.HK)及中石化(00386.HK)略為正面,如果按照第二季度的出口價格充分利用配額,兩間公司可以賺取額外35-37億人民幣煉油利潤。 摩通表示,雖然預計中國石油產品出口將在6月上升,但根據目前的需求趨勢,預測2022財年出口量為3,000萬公噸,按年下跌20%,這不足以完全扭轉亞洲(中國除外)目前總煉油毛利率的強勢,其中第二季至今的每桶平均利潤為17.4美元,創歷史新高。 該行首選因此而受惠的亞洲油股為,中海油(00883.HK),其後依次為中國石油及中石化。
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