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一文了解券商於中石油(00857.HK)公布去年業績後最新目標價及觀點
中石油(00857.HK)今早開市升近3%,其後升幅收窄,最新報6.5元升0.6%。高盛發表報告指中石油去年EBITDA及純利各高於該行預期各2%及4%,主要受天然氣銷售上升推動,指去年每股股息率達7.5厘,雖然近期股價抽升,但認為其估值仍較同業為低。 公司昨日(25日)收市後公布截至去年12月底止全年業績,營業額30,110.12億元人民幣按年跌7%。純利1,611.46億人民幣,按年升8.3%;每股盈利0.88元人民幣。派末期息23分人民幣,上年同期派22分人民幣。按中國企業會計準則,去年純利1611.44億元人民幣,按年增8.3%。 去年集團原油產量9.37億桶,按年增長3.4%;可銷售天然氣產量4.93萬億立方英尺,按年增長5.5%,油氣當量產量17.59億桶,按年增長4.4%。中石油去年資本性支出為2,753.38億元人民幣,按年增長0.4%。今年預測值為2,580億元人民幣。2024年,集團計劃原油產量為9.09億桶,可銷售天然氣產量為5.14萬億立方英尺,油氣當量合計為17.66億桶;計劃原油加工量為14.04億桶。 【派息比率降 業績符預期】 瑞銀發表報告表示,中石油去年多賺8.3%,去年派息比率為50%,較2022年小幅下降1.8個百分點,營運現金流按年增16%至4,566億人民幣,維持對其「買入」投資評級及目標價7.9元。美銀證券表示,中石油去年純利符合預期,派息比率為50%(2022年為52%),指此或令部份投資者失望。 -------------------------------- 下表列出5間券商對中石油的投資評級及目標價: 券商│投資評級│目標價(港元) 美銀證券│買入│8.88元 瑞銀│買入│7.9元 摩根大通│增持│7元 摩根士丹利│增持│7元 高盛│買入│6.8元 券商│觀點 美銀證券│去年業績符預期 瑞銀│去年派息率增長略低於上年 摩根士丹利│去年核心盈利勝預期,派息率增長略遜預期 摩根大通│去年核心盈利強勁有驚喜 高盛│去年盈利及股息增長率均符合預期 (ta/w) ~
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