大摩:重申中海油(0883.HK)“增持”评级 目标价16.55港元
摩根士丹利发表研究报告,相信中海油(0883.HK)
的投资者担心资本开支预算过高,但若果能够带动更多的产能,相信可为股东创造价值。公司储量替代率(RRR)目标为120%,反映储备潜力前景乐观,重申“
增持
”评级,目标价16.55港元。
该行指,公司上调生产目标是符预期,认为不但可以在目前油价上升的环境中获利,更可以增加股东回报,虽然明年的资本开支增长较高,但管理层指会尽力为投资寻求正回报。
该行又指,公司的资本开支增加,亦为中海油服(2883.HK)
带来正面影响,虽然目前估值(市账率1.4倍)不便宜,但盈利持续增长可带动重估。
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 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. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.