《大行報告》建銀國際上調新奧能源(02688.HK)目標價至120元 評級「中性」
建銀國際發表研究報告指出,預期新奧能源(02688.HK)於2022財年核心盈利增長12.5%,主要由於液化天然氣合同結算現金收益20億元人民幣(2021年同期為零)、泛能業務收入增長47%及增值服務(VAS)毛利增長30%,料可為傳統天然氣分銷業務的收益下降及新家庭連接減少帶來緩衝。受疫情負面影響下,估計公司天然氣零售銷售量增長4.4%,新家庭連接跌20%。
該行繼續看好新奧能源,認為公司對泛能業務的敞口愈來愈大,盈利記錄穩健,財務狀況良好,股價合理,另將其2022至2024財年的預利預測分別下調1%,以及上調2%及4%,2024財年後預測上調4%至7%。目標價由93元升至120元,維持「中性」評級。
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