高盛:調整部分燃氣股評級,看好新奧能源升目標價至176港元
高盛發表報告指,預計中國對燃氣的需求會在2035年翻倍,同時燃氣公司都要面對長期轉爲清潔能源的挑戰。報告又指,分銷商的增值服務預計將會有25%年複合增長,預計大部分分銷商收入都是經常性,並且來自廚房電器和維修更換需求。
報告又指,在2000年初連接到天然氣網的房屋正在老化,預計在2015-30年以20%複合年增長率產生更換需求,通過利用安全檢查及用戶定期互動,分銷商將處於有利地位到2030年,增值服務將爲三大分銷商帶來額外90億美元收入。
高盛調整部分燃氣股目標價及評級,維持中國燃氣(0384.HK)買入評級,目標價由35港元減至30港元;維持新奧能源(2688.HK)買入評級,目標價由140港元升至176港元;降華潤燃氣(1193.HK)評級,由中性降至沽售評級,目標價由43港元升至48港元;維持崑崙能源(0135.HK)中性評級,目標價升21%至7.4港元。
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