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研报掘金|第一上海:首予中石油“买入”评级 目标价为10.06港元
第一上海发表报吿,首予中石油“买入”评级,目标价为10.06港元,预测中石油今年至2026年纯利按年升7%至9%,对应每股盈利为0.95至1.09元。该行按国内外油企定价估值测算,给予中石油预测市盈率10倍估值。该行预期全球石油需求温和复苏,整体供需相对偏紧,油价有望继续维持较高区间,料今年至2026年公司油气和新能源板块营收保持2%以上增长,炼化板块营业收入保持高位。该行亦指,国内燃气市场受益于气价改革,气价得以向终端疏导。公司天然气价差有望长期维持,叠加公司坚持稳油增气战略,推动天然气销售量稳定提升,盈利模式有望向公共事业靠拢。预计今年公司天然气板块经营利润按年升14.5%。
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