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《大行报告》摩通降昆仑能源(00135.HK)评级至「中性」 首选润燃(01193.HK)
摩根大通发表研究报告指,亚洲区内液化天然气(LNG)价格自2022年中的高位累计下跌超过80%,相信旗下覆盖的燃气商利润率及销量都有上升空间,因可以采购更廉价的现货LNG,对提升工业用气需求有利。 该行估计,若LNG现货价格自次季起达到每立方厘米2至2.5元人民币,则在国内部分省份LNG将较管道天然气更具价格竞争力,考虑到华润燃气(01193.HK)对LNG价格下降敏感度最高,将其列为行业首选,并纳入积极催化剂观察名单,评级「增持」,预期润燃即将公布的业绩及经营指引可能超出市场预期。 摩通亦看好中华煤气(00003.HK)、新奥能源(02688.HK)及新奥股份(600803.SH)。由于昆仑能源(00135.HK)过去一年股价表现强劲,预测股息潜在上升空间可能已反映在股价表现上,摩通建议投资者先行获利离场,将其评级下调至「中性」。
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