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《大行报告》摩通下调中燃(00384.HK)目标价至36.7元 评级「增持」
阿思达克 04-28 09:58
摩根大通发表报告指,中国燃气(00384.HK)股价自上周公布配售新股後已下跌了16%,相较同业跑输约10%,相信股价反应是过度,因是次集资所得是用於投资城市燃气项目、华南天然气供热及液化石油气微管网业务。

该行表示,集团上述的增长策略是符合其核心业务,可助集团於2023财年达至纯利150亿元的目标,估计其催化剂包括公布收购,及年度业绩优於预期。

摩通下调中燃股份目标价,由37.5元降至36.7元,以反映股数增加,部分被未来自由现金流提升所抵销,评级维持「增持」。该行亦调升集团2022至2024财年盈利预测2%至11%,反映液化石油气微管网及华南供热接驳等业务有更好的增长前景。

该行又提到,集团现价相当於一年预测市盈率10.6倍,对比同业为14.6倍,认为其估值有吸引力,会收集股份。

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