大行評級|美銀:維持中石化“買入”評級 H股目標價5.5港元
美銀證券發表報吿指,中石化今年首季税後淨利潤按年下跌10%至187億元,達到美銀及市場預測全年度盈利的約29%及28%。其中探勘及開採業務息税前利潤按年增長11%,主要來自於首季原油及天然氣產量分別增長1.3%及6%、美元按年升值5%,以及液化天然氣(LNG)進口虧損收窄所致。然而期內煉油及化工業務表現疲弱,抵銷有關增長。
該行預計,第二季煉油業務將有所改善,而隨着油價上升,勘探與開採業務仍將進一步增長,憧憬LNG進口虧損減少和天然氣銷量增加,業務將持續向好,惟化工業務預期仍然受壓。美銀表示,期待管理層能在股東大會後實施新一輪股份回購計劃,維持“買入”評級,H股目標價5.5港元。
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