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大行評級|大摩:對內地煤氣行業更有信心 上調潤燃目標價至33.4港元並列為首選
摩根士丹利發表有關內地煤氣行業的研究報吿指,即使憂慮近期毛利及產量,但對整體行業更有信心。該行指,就基本面而言,見到整個板塊透過毛利擴張及對煤氣的需求自然上升而有所改善,相信內地對煤氣的需求至少到2030年仍會維持高單位數的增長,近期城市的煤氣用量依然維持在健康水平。大摩同時指,未來數年全球的煤氣供應展望應足以支撐更高的煤氣消耗及毛利,而市場對於接駁管道收入的憂慮逐步減少,開始追求穩定的派息率。該行將潤燃列為其最新行業首選,目標價由27港元升至33.4港元,維持“增持”評級;將新奧能源的目標價由68.8港元升至76.1港元,評級由“與大市同步”上調至“增持”;將崑崙能源的目標價升至9.1港元,評級降至“與大市同步”;將中國燃氣的目標價由7.4港元升至8港元,維持“與大市同步”評級。
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