《大行報告》摩通上調中石化(00386.HK)目標價至6元 評級「增持」
摩根大通發表報告,指中石化(00386.HK)管理層對今年國內石油產品需求和利潤率的前景給出強勁指引。撇除庫存損益的第一季度核心營運溢利為340億元人民幣,按年增長逾150%。鑑於內需加速復甦,料第二季度經營現金流大幅改善,又相信第二季煉油、營銷業務將進一步改善。
該行預計,集團將2023財年的派息率持續提高至80%,意味著每股派息為0.55元人民幣。當中,中期每股派息料0.17元人民幣,相當於H股價格的3.7%。該行又將集團2023至24年的每股盈測上調12%至20%,並將目標價由5.3元上調至6元,評級「增持」。
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