瑞銀:降上石化(0338.HK)目標價至3.15港元 評級“買入”
瑞銀髮表報告指,上石化(00338.HK)今年首三季收入為754億元人民幣,純利則為17億元人民幣,表現稍低於該行預期。單計第三季,集團純利按年下跌53%至5.3億元人民幣,但按季則輕微上升2%,考慮到油價下跌導致庫存損失,該行認為集團第三季表現以按季基礎以言屬穩定。
瑞銀表示,仍未清楚超大型原油運輸船(VLCC)的運費上升對上石化可能帶來的負面影響,基於運輸成本及庫存損失,該行下調對集團今年至2021年的盈利預測,預期為25億元至31億元人民幣,H股股份目標價亦由3.36港元降至3.15港元,評級維持“買入”。
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