Morgan Stanley: PetroChina Q3 core EPS beats expectations, maintains Overweight rating and HK$13.25 target price

Stock News
10/29

According to a research report from Morgan Stanley, the bank maintains its Overweight rating on PetroChina (00857) with a target price of HK$13.25.

Supported by higher year-on-year energy prices, the company delivered solid third-quarter results, with earnings per share rising 23% year-on-year and declining 7% quarter-on-quarter, in line with the bank's expectations. Core earnings per share came in at RMB 0.29, 3% above the bank's forecast.

The bank noted that PetroChina's refining business EBIT grew 92% quarter-on-quarter, mainly driven by higher exports and a recovery in the domestic market.

The natural gas business EBIT rose 76% quarter-on-quarter, supported by higher sales volumes and average prices, outperforming the bank's expectations, though it was still down 27% year-on-year.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10