中银国际:降中国石油化工股份(00386)目标价至4.58港元 重申“买入”评级

智通财经
25 Mar

智通财经APP获悉,中银国际发布研报称,重申对中国石油化工股份(00386)的“买入”评级,将目标价由4.9港元下调至4.58港元。中石化2024年的盈利低于该行预测15%,主要因减值影响。该行预计,若不再出现减值,公司2025年的盈利将持平。预计炼油利润的复苏,将在很大程度上弥补因油价下跌导致的勘探与生产盈利减少的缺口。虽然该行将中石化2025及2026年的盈利预测下调10%和11%,但假设公司保持70%的派息比率,其H股仍提供不错的股息收益率。

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