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花旗:料燃气股天然气销售量可保双位数增长 喜爱新奥及中燃
格隆汇 12-12 15:19

花旗发表报告指,中国天然气消费量在今年11月按年上升4.9%至280亿立方米,但按月计放慢0.8个百分点,并为今年以来增长最低的月份。增长减慢主要由於经济放缓使发电需求下跌,以及天气较正常温暖。至于城市天然气分销的月度消费量则按年增长8.8%,主要受煤改气所推动。

花旗表示,虽然内地今年天然气消费量增长可能稍低于该行原先预测的按年上升10%,但仍重申对中资下游天然气行业的正面看法,因天气因素似乎只属暂时性,而且由於环境保护,内地以天然气替代煤的政策仍在,加上大多在港上市的中资燃气分销商的天然气销量料可保持双位数增长。

在中资天然气行业中,该行偏好新奥能源(02688.HK)的正自由现金流,及其综合能源业务的长期增长,对该股评级为“买入”,目标价101港元。另外,花旗亦看好中国燃气(00384.HK)的良好盈利增长及有更多的农村煤改气项目,对其评级亦为“买入”,目标价36港元。

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