大行評級|中銀國際:上調中石油目標價至8.06港元 上調今明兩年盈利預測
中銀國際發表報吿指,中石油去年盈利按年增長2%至1647億元,符合該行預測。在扣除149億元的税前減值後,核心盈利好於預期,因為天然氣營銷和煉油業務的盈利超出該行預期。
該行預計,在不再計提減值的情況下,去年公司的盈利將持平,天然氣營銷和煉油業務的增長將彌補上游盈利的下降。該行指,中石油去年派息率的提高對投資者來説也是另一個好消息。鑑於過去三年的業績記錄,現在預計未來的派息比率至少為50%。
該行將2025至2026年盈利預測上調11-12%,重申“買入”評級,並將目標價上調至8.06港元。
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