大行评级｜摩根大通：上调中石化目标价至4港元维持“中性”评级

格隆汇2025-07-25

摩根大通发表报告指，中石化公布上半年营运数据，上游产量符合预期，但下游精炼/生产/销售量仅相当于2025年指引的46%至49%。该行指维持对其“中性”评级，目标价由3.6港元上调至4港元；小幅下调2025年每股盈利预测4%，以反映销量预测被下调，但上调2026至2027财年每股盈测各6%和3%，以反映AP LNG合约重新谈判及化学品业务利润率略有改善的预期。该行建议关注中石化在业绩后对十五五增长...

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大行评级｜摩根大通：上调中石化目标价至4港元 维持“中性”评级

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大行评级｜摩根大通：上调中石化目标价至4港元维持“中性”评级