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《大行報告》美銀證券:中石油(00857.HK)上半年盈利勝預期 評級「買入」
中石油(00857.HK)預計,按中國企業會計準則計,今年上半年實現歸屬公司股東的淨利潤將按年增長50%至60%,增加265億至320億元人民幣。美銀證券發表報告,指出中石油上半年盈利勝預期,而且中石油是高能源價格的受益者,其目前估值不高,在45%派息比率不變的情況下,預計股息率將達到高單位數,重申其「買入」評級,目標價5.8元。 美銀證券表示,石油需求未完全恢復,庫存迅速下降,即使世界陷入衰退,天然氣和煤炭價格居高不下,布蘭特期油在2023年的每桶平均價可能超過75美元。 該行預計,中石油將通過不同方式更好地管理其天然氣進口損失,包括更好地轉嫁成本,增加廉價的俄羅斯管道天然氣和有限的現貨液化天然氣敞口,以及政府退稅政策。該行引述中石油管理層表示,中國政府從去年第四季度開始退稅,該政策至少可以持續到2024年。
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