《大行報告》瑞信下調中石油(00857.HK)評級至「跑輸大市」降目標價至4元
瑞信發表報告表示,調低對中石油(00857.HK)投資評級,由原來「中性」降至「跑輸大市」,將目標價由5.5元降至4元,此按綜合方式估值。
瑞信指出,國家管道公司未來成立消息,會令中石油未來遇到更多競爭,及影響其定價能力。
該行估計,天然氣價於2020年至2021年會下跌10%,並決定下調對中石油於預測2019年至2021年每股經調整盈利預測各0.3%、15.9%及14.5%,分別至0.21、0.21及0.24元人民幣,而該行對中石油於2020年及2021年每股盈利預測較同業預測低40%。
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