《大行報告》摩通降昆侖能源(00135.HK)評級至「中性」 首選潤燃(01193.HK)
摩根大通發表研究報告指,亞洲區內液化天然氣(LNG)價格自2022年中的高位累計下跌超過80%,相信旗下覆蓋的燃氣商利潤率及銷量都有上升空間,因可以採購更廉價的現貨LNG,對提升工業用氣需求有利。
該行估計,若LNG現貨價格自次季起達到每立方厘米2至2.5元人民幣,則在國內部分省份LNG將較管道天然氣更具價格競爭力,考慮到華潤燃氣(01193.HK)對LNG價格下降敏感度最高,將其列為行業首選,並納入積極催化劑觀察名單,評級「增持」,預期潤燃即將公布的業績及經營指引可能超出市場預期。
摩通亦看好中華煤氣(00003.HK)、新奧能源(02688.HK)及新奧股份(600803.SH)。由於昆侖能源(00135.HK)過去一年股價表現強勁,預測股息潛在上升空間可能已反映在股價表現上,摩通建議投資者先行獲利離場,將其評級下調至「中性」。
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