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研報掘金|中信證券:維持中海油“買入”評級 穩健成長彰顯長期價值
中信證券報吿指,中海油去年及今年首季業績保持高位,勘探開發成果顯著,體現長期投資價值。該行認為今年至2026年原油供需仍將保持緊張,原油價格仍將在高位波動,天然氣供應寬鬆,售價有望小幅走低。該行維持中海油今年純利1,413億元的預測,並因應公司明年產量有望較快增長,上調明年純利預測至1,550億元,2026年純利預測1,555億元,對應每股盈利預測分別為2.97元、3.26元及3.27元。該行指中海油穩健成長彰顯長期價值,予H股目標價24港元,維持“買入”評級,並指公司去年派息率達43.6%,預期公司未來三年現金流表現良好,派息率有望維持較高水平。
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