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研報掘金丨東北證券:傑瑞股份海外佈局持續兌現,維持“增持”評級
格隆匯 02-14 15:15

東北證券研報指出,傑瑞股份(002353.SZ)持續受益於國內頁巖氣開發提速、海外油氣資本開支擴張,業績保持增長趨勢,2019-2023年收入、歸母淨利潤CAGR 分別爲19.05%、15.89%。本輪油價支撐位預計在65-70美元/桶,全球上遊資本持續增加,公司有望受益中高油價,同時油價影響逐步減弱,業績穩定性增強。海外油服市場規模爲國內市場的9倍,公司在中亞、中東、北美、南美等海外市場全面佈局,其中中東市場KOC 項目樹立標杆幫助公司屢獲大單,有望持續受益於中東油氣市場發展,市佔率提升推動成長;北美市場有望受益於存量壓裂設備替換,公司電驅壓裂設備能力強於本土廠商,有望借電驅替代趨勢持續深化北美市場佈局。維持公司“增持”評級。

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