《大行》摩通:中石化煉化工程(02386.HK)訂單增長強勁 列行業首選
摩根大通發表研究報告指,中國油服及油氣工程板塊部分個股在過去六個月表現跑贏行業平均水平及布蘭特油價升幅,主要受惠於創新高的新簽訂單量、穩健在手訂單、交付能力良好,以及中國油企資本開支穩定及海外市場新訂單前景向好。
摩通列中石化煉化工程(02386.HK)爲行業首選,預期憑藉其強勁的訂單增長勢頭,可實現穩健的收入及盈利增長,股息回報率料達到6%至7%,目標價從7.1港元升至8.4港元,評級「增持」。該行又指,中海油服(02883.HK)產能利用率及訂單條款改善,預計2025財年盈利可按年增長20%,予其H股目標價由11港元降至10.4港元,評級「增持」。
該行維持中石化油服(01033.HK)及海油工程(600583.SH)「增持」評級,認爲中石化油服成本控制得宜,股東回報改善,而海油工程近期則取得卡塔爾能源公司新合同,將中石化油服H股目標價由0.92港元升至1港元,海油工程目標價亦由6.4元人民幣升至7.1元人民幣。
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