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研報掘金丨民生證券:中國海油盈利能力增強,維持“推薦”評級
格隆匯 03-28 15:04

民生證券研報指出,中國海油(600938.SH)24年實現歸母淨利潤1379.36億元,同比增長11.38%;油氣價格略降,成本管控成效顯著,盈利能力增強。據公司規劃,2025年產量目標爲7.6~7.8億桶油當量,以預期中值計算同比增速爲5.94%。公司儲產空間高,成本管控能力和分紅意願強,油價中樞維持高位的背景下具備高股息特點,且隨着國資委將上市公司價值實現和市值管理分別納入到公司績效評價體系和央企負責人考覈中,央企被低估的估值有望實現理性迴歸。維持“推薦”評級。

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