汇丰银行周一将壳牌的评级从 “买入” 下调至 “持有”其结论是这家石油巨头在本十年结束前的投资者派息无法通过内生资金支持

智通财经
Aug 04
汇丰银行周一将壳牌的评级从 “买入” 下调至 “持有”其结论是这家石油巨头在本十年结束前的投资者派息无法通过内生资金支持且其相对于欧洲同行的估值溢价已变得 “过高”。汇丰银行表示尽管壳牌拥有 “稳健的” 财务架构但在可预见的未来其净债务 “可能会上升。这可能会像对英国石油(BP)和道达尔能源(TotalEnergies)那样影响市场对其派息可持续性的看法”。汇丰银行称油气交易环境的正常化正影响壳牌的收益。壳牌比同行面临更大风险“因为与行业平均水平相比它对交易收益的依赖度更高”。壳牌相对于其主要欧洲竞争对手道达尔的估值溢价 “已不再合理”。周一壳牌股价下跌 0.6%报 2692 便士。汇丰银行将其目标价从之前的 2900 便士上调至 2950 便士。

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