《大行報告》匯豐研究降中燃(00384.HK)評級至「持有」 偏好潤燃(01193.HK)及新奧能源(02688.HK)
匯豐環球研究發表報告指,中國天然氣使用量持續增長,該行料由於工業生產數據改善以及可能推出的促進增長政策,今年第四季銷售將進一步回升。由於政府支持價格自由化,料燃氣行業利潤率應會維持。報告提到,湖南最近實施的成本轉嫁自動化政策意味著天然氣公用事業公司的利潤變得更加透明,從而提高了盈利品質。
該行表示,冬季天然氣價格始終是一個影響利潤的不確定因素。然而,據估計,雖然中東地緣政治緊張局勢不斷加劇,但上游供應商的合約量正在增長,顯示行業面臨挑戰時,部分公司的盈利仍正在復甦。該行偏好華潤燃氣(01193.HK)及新奧能源(02688.HK),均予「買入」評級,對華潤燃氣目標價分別由30元降至29元,對新奧能源從87元下調至81元。
然而,該行認為早前對中國燃氣(00384.HK)的銷量和利潤率的預測過於樂觀,將其評級由「買入」下調至「持有」,目標價由11.3元下調至7.7元,相信其盈利需要更長恢復時間。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of this article is for reference only. It does not constitute an offer, solicitation, recommendation, opinion or guarantee of any securities, financial products or instruments.The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance.