研報掘金|中金:上調中海油目標價至24港元 上調今明兩年盈利預測
中金髮表研究報吿指,中海油首季收入按年增長14%,純利更增長23.7%,產量超出預期,帶動季度表現亦高於市場預期。期內,中海油油氣產量按年增長9.9%至1.8億桶油當量,其中國內油氣產量增長6.9%,海外產量增長16.9%。中金預期產量增長主要來自於國內綏中36-1/旅大5-2油田二次調整期內提前投產,以及加拿大油砂項目產量增加等的推動。展望未來,中金對中海油產量增長保持樂觀,預計全年產量將超過2024年7.2億桶油當量的指引上限,又指今明兩年的油價波動可能減少,或徘徊於75至95美元水平,週期性影響緩和,預期公司前景可見度將提升,相應將今明兩年盈利預測上調8%,目標價升9%至24港元,評級“跑贏行業”。
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