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研報掘金丨東興證券:中海油服Q1業績超預期,予“強烈推薦”評級
格隆匯 05-21 15:23
東興證券研報指出,中海油服(601808.SH)作為全球綜合型海洋油服龍頭,2024年業績穩步增長,2025年一季度業績超預期,歸母淨利潤(同比39.6%),油田技術服務屢獲突破,彰顯本輪週期成長性。鑽井板塊充分受益國內能源保供政策,景氣度高於國外油服企業。展望未來,在深水領域+技術服務雙輪驅動下,公司依託大客户中國海油為其國內業務提供強力支撐,油田技術服務受益技術突破和進口替代,有望保持良好增長。預計公司2025-2027年歸母淨利潤分別為47.29、58.59 和74.87億元,對應EPS分別為0.99、1.24 和1.57元。給予“強烈推薦”評級。
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