智通财经APP获悉，里昂发布研报称，将中国石油股份(00857)H股目标价由12港元上调至12.4港元，A股目标价由15.9元人民币上调至16元人民币，维持“跑赢大市”评级。该行认为，中国石油H股存在错误定价，过去两个月股价大致持平，但同期油价及公司A股分别上涨约25%及19%，A股相对H股的溢价自9月以来由27%扩大至57%。
中国石油第三季度纯利为518亿元人民币，同比上升22%、按季下降7%；同期布伦特基准油价按季下降5%至每桶90美元。公司首九个月纯利达1580亿元人民币，相当于该行及市场全年预测的约89%。在油价持续偏高的情况下，里昂认为公司全年盈利及股息派发仍有上行空间。
该行指出，中国石油四大业务分部盈利表现稳健，下游业务中的炼油、化工及营销业务第三季度均录得正EBIT，与中石化(00386)下游业务面临严重拖累的情况形成鲜明对比。里昂将中国石油2026至2028年每股盈利预测上调2%至8%。
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