《大行報告》麥格理上調油價預測 升內地三大油股目標價
麥格理發表研究報告,指出由於沙特單方面減產,導致現貨市場供應緊張,加上高溫及低庫存水平,導致第三季油價進一步上漲。不過地緣政治因素雖持續影響環球局勢,但該行指出俄烏戰爭未完全壓抑俄羅斯石油輸出,以巴衝突亦沒有導致供應中斷,因此該行大宗商品團隊商品團隊認為2024年不會出現無法解決的石油供求問題,將今明兩年布蘭特原油期貨價預測分別上調6%及17%,至每桶83及82美元;長遠看跌,將2025年預測下調1%至每桶65美元。
麥格理表示,考慮到煉油業務盈利表現好過預期,認為中石化(00386.HK)第三季業績將超出市場預期,計及最新油價及外匯預測,將中石化2023至2025年每股盈利預測分別下調3%、上調8%及下調6%,目標價從5.5元上調至5.7元,予「跑贏大市」評級。
報告又將中海油(00883.HK)今明兩年每股盈利預測則上調10%及33%,2025年盈測下調1%,目標價調升至11.6元,關注資本開支部署,評級為「中性」。中石油(00857.HK)今明兩年盈測同樣上調38%及56%,2025年盈測下調2%,目標價調高至3.6元,評級為「跑輸大市」。麥格理認為,在油價前景看跌的情況下,中石油有長期風險。
麥格理又指出,中海油服(02883.HK)新增海外訂單持續帶來驚喜,相應將今年至2025年每股盈利預測上調1%、2%及13%,目標價亦升至20.5元,評級「跑贏大市」。
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.