《大行報告》瑞信下調中石油(00857.HK)目標價至5.2元 評級「跑贏大市」
瑞信發表報告指,中石油(00857.HK)今年第三季業績具有韌性,純利379億元人民幣,按年增長71%,但按季下跌13%,表現優於預期,特別是考慮季內油價下跌了12%。首三季計,集團純利分別佔該行及市場今年全年預測86%及90%,正在達至十年最佳盈利表現的路上。
雖然中石油首三季盈利領先其預期,但瑞信維持對集團的預測不變,以為其年度最後一季或有沉重成本開支留有空間。然而,該行認為此不應影響集團派發具吸引力股息的能力,估計其今年股息收益率或達11%。
瑞信下調中石油股份目標價,由5.4元降至5.2元,評級維持「跑贏大市」。
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