大摩：燃气股中期表现平淡昆仑能源(00135)将跑赢同业

智通财经2025-07-18

智通财经APP获悉，摩根士丹利发布研报称，中国燃气公用事业上半年表现平淡，天然气需求与去年同期持平，LNG进口量大幅下降，情况与2022年相似，受暖冬、高基数及煤价下跌影响，期内工业用气量增长疲弱。虽然居民气价上调约5%至8%，推动销气价差轻微改善，但新接驳业务亦持续拖累盈利。大摩预期城市燃气企业中期盈利普遍持平，其中昆仑能源(00135)将跑赢同业，而华润燃气(01193)则相对逊色，因接驳及...

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大摩：燃气股中期表现平淡 昆仑能源(00135)将跑赢同业

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大摩：燃气股中期表现平淡昆仑能源(00135)将跑赢同业