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《大行報告》摩通降潤燃(01193.HK)評級至「中性」 首選新奧股份(600803.SH)
摩通發表評級報告指,自3月份年度業績以來,華潤燃氣(01193.HK)股價升逾30%,將其評級由「增持」降至「中性」,建議投資者自行獲行。該行表示,由於其燃氣銷量錄得約8%增長,無法抵銷顯著的利潤率收縮(按年跌約10個百分點),以致城市燃氣部分表現平淡,預料上半年潤燃新渠道連接大致上維持持平。 該行表示,新奧股份(600803.SH)受惠於強勁的天然氣直銷業務、強勁煤炭開採業務以及新奧能源(02688.HK)的穩定貢獻,與業內公司相比,料新奧股份上半年經常性盈利增長表現強勁。 在行業當中,該行首選新奧股份、其次為新奧能源及崑崙能源(00135.HK)。 股份│評級│目標價 華潤燃氣(01193.HK)│增持→中性│38.5港元 新奧能源(02688.HK)│增持│140→147.5港元 新奧股份(600803.SH)│增持│22.5→23元人民幣 崑崙能源(00135.HK)│增持│9→8.5港元 中華煤氣(00003.HK)│減持│7.5港元 (ca/u) ~
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