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一文了解券商于中海油(00883.HK)公布中期业绩后最新目标价及观点
中国海洋石油(00883.HK)今早股价造好,最新报12.88元升1.3%。摩根士丹利表示,中海油第二季纯利略优预期,受惠于产量增长8.9%强劲及成本控制良好,指布兰特期油于季内跌5%,但中海油次季纯利仅按季下滑1%,实现油价每桶73美元(按季仅跌2%),重申「增持」评级及目标价14.4元。 中海油昨晚(17日)公布今年中期业绩,实现收入1,920.64亿人民币按年下降5%。录得纯利637.61亿人民币倒退11.3%,每股盈利1.34元人民币。每股中期息派59港仙。期内,油气净产量3.32亿桶油当量,增加8.9%;油气销售收入1,516.86亿元,下降14.1%。实现油价每桶由103.85美元下降至73.57美元;桶油作业费7.16美元,下降8%。 【季绩略优预期 受惠于产量增加】 摩根大通发表报告指出,中海油第二季度净利润按季增5%至316亿元,较预期的300亿元为高。每股中期息派0.59港元(相当于0.54元人民币),相当于派息40%,符合集团派息率不低于40%的股息政策。该行重点关注中期勘探与生产策略,末期股息及潜在股票回购指引。该行维持予其「增持」评级,目标价15港元。 花旗发表,中海油第二季业绩优于预期,因产量按年升9.1%强劲及成本控制良好,受益于实现油价高于预期、人民币汇价贬值,其派发每股中期息0.59港元相当派息比率40%,符合预期。该行估计中海油今年股本回报率20%(对比同业9%至11%),指中海油股息回报达9厘,维持「买入」评及目标价15.8元。 ---------------------------------- 下表列出6间券商对中海油投资评级及目标价: 券商│投资评级│目标价(港元) 花旗│买入│15.8元 瑞信│跑赢大市│15.5元 高盛│买入│15.2元 摩根大通│增持│15元 摩根士丹利│增持│14.4元 瑞银│买入│14.4元 券商│观点 花旗│季绩优预期,料今年股本回报率可达20% 瑞信│次季业绩符预期,油产增加兼成本得以控制 高盛│第二季产量强劲增长和成本控制得宜 摩根大通│次季盈利增长胜预期,派息比率符预期 摩根士丹利│油产增长和成本控制令次季利润更具弹性 瑞银│次季业绩符预期,油气产量创同期历史高
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