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《大行報告》建銀國際升潤燃(01193.HK)目標價至27.7元 可望實現全年增長
阿思達克 12-04 11:10
建銀國際發表研究報告指,華潤燃氣(01193.HK)首十個月的零售天然氣銷量及銷氣價差(dollar margin)正在恢復。在商業和工業需求略為改善的支撐下,公司的天然氣銷量增長率從上半年的6.9%上升到首十個月的7.6%。每立方米的銷氣價差則由0.5元人民幣擴張到0.54至0.55元人民幣。該行預期全年銷氣量將增長8%,又認為銷氣價差將於下半年保持在每立方米0.5元人民幣。 該行表示,天津發改委批准9月1日調整居民用氣銷售價格,將有助恢復部分盈利,認為公司的盈利預測仍有潛在上升空間,前提是需要獲得補貼來彌補損失。 該行分別上調公司2024至26財年的盈測1%、2%、3%,主要反映更高的銷量預測,又將目標價由26元上調至27.7元,維持「跑贏大市」評級。
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