《大行報告》美銀證券:昆侖能源(00135.HK)上半年核心盈利強勁 維持「買入」看9.5元
美銀證券發表研究報告指,昆侖能源(00135.HK)上半年業績勝預期,核心盈利按年增長39%,天然氣銷售及LPG儲運表現跑贏大市,燃氣業務增長前景正面。
報告表示,對天然氣銷量增長充滿信心,上半年公司經營現金流增長至69億元人民幣,期內疫情防控措施下併購速度減慢,資本支出按年減少50%。管理層維持全年增長目標,包括銷量增長15%及LPG儲運達到90%運行率。
該行指,昆侖能源與中石油(00857.HK)的合作帶來充足的天然氣供應,預計昆侖能源在前景廣闊的中國天然氣市場中,將獲得更多市場份額,同時指出公司估值吸引,現價相當於預測今年市盈率7.3倍,低於同行的4.2至22倍區間,維持「買入」評級,目標價9.5元。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.