金吾财讯 | 花旗研报指,华润燃气(01193)最近3周股价跌超过30%,部分原因是业绩差于预期以及关税增加后的市场降评级。该行对该公司2025-2027年纯利预测下调2.3-6.1%,运用的是最差情况之下的预测。将目标价从29港元下调13.8%至25港元,评价从“中性”上调至“买入”,主要由于:1)从2024年下半年至2025年第一季度的业务明显改善;2)股份回购将开始;3)作为一个大的国企,其股份可能会由来自政府相关基金的北向资金购买。
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