小摩：微升华润燃气目标价至19港元维持“中性”评级

智通财经2025-09-04

该行称，虽然综合服务业务因基数较低有望于下半年恢复正增长，但公司整体盈利仍可能录得同比单位数跌幅，且2026年的增长能见度依然较低。摩根大通发布研报称，华润燃气(01193)公布去年度业主后显著跑输大市，相信股价喘定，但未观察到近期有关键营运指标改善可推动股价上行。该行认为，城市燃汽业务盈利可能持续承压，基于销量增长及毛利扩张空间有限，且新增接驳量继续下滑。虽然综合服务业务因基数较低有望于下半年...

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小摩：微升华润燃气目标价至19港元 维持“中性”评级

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小摩：微升华润燃气目标价至19港元维持“中性”评级