郭家耀:美股分化科網股動盪 中海油(00883.HK)派息政策清晰
港灣家族辦公室業務發展總監郭家耀稱,美股週一(27日)個別發展,內地人工智能大模型DeepSeek推出,引發市場對科技股估值過高憂慮,大市早段顯着低開。傳統類股份其後反彈,道指倒升收市,但標普500指數及納指仍錄得顯着跌幅。美元走勢向下,美國十年期債息回落至4.53釐水平,金價及油價表現受壓。
港股預託證券大致向好,預料大市早段跟隨高開。
內地股市昨日變動不大,滬綜指高開低走,收市下跌0.1%,滬深兩市成交額亦略爲縮減。港股表現持續向好,指數企穩二萬點水平,一度逼近20,300點附近,尾市升勢略爲回順,整體成交保持活躍。市場氣氛改善,有利指數進一步上試阻力。不過,長假期臨近,成交將保持淡靜,預料指數在19,700至20,500點水平徘徊。
另中海油(00883.HK)日前公佈2025年經營策略,今年淨產量目標爲7.6至7.8億桶油當量,其中中國約佔69%、海外約佔31%;較去年的淨產量預計約7.2億桶油當量,增長5.56%至8.33%。2026年和2027年的淨產量目標分別爲7.8億至8億桶油當量和8.1億至8.3億桶油當量,持續保持穩和增長。中海油表示,爲確保股東回報,2025年至2027年,公司全年股息支付率不低於45%;將根據市場環境變化,秉承回報股東的原則,綜合考慮股東的意願、戰略規劃、經營狀況等因素,適時對上述分紅政策進行調整。今年公司的資本支出預算總額爲1,250至1,350億元人民幣。其中勘探、開發和生產資本化支出預計分別佔資本支出預算總額的約16%、61%和20%。去年公司資本支出預計達約1,320億元人民幣,符合年初目標。今年將有多個重要新項目投產,包括中國的渤中26-6油田開發項目(一期)和墾利10-2油田羣開發項目(一期),以及海外的圭亞那Yellowtail項目和巴西Buzios7項目等。中海油表示,未來將推進增儲上產、科技創新和綠色發展三大工程,實施提質增效升級行動。在不斷提升價值創造能力的同時,將繼續積極與股東共享公司發展成果。市場對公司執行能力感到滿意,派息政策清晰,亦有相當吸引力,前景值得樂觀。
(筆者爲證監會持牌人,本人及相關人士沒持有上述股份)~
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