中金：維持華潤燃氣(01193)“跑贏行業”評級目標價降至27港元

智通財經網

04-02

‌智通財經獲悉‌，中金髮布研報稱，華潤燃氣(01193)2024年業績遜預期，主要受到去年下半年燃氣銷售及接駁業務經營溢利率下降的拖累。管理層預計2025年將新增接駁量240萬至250萬戶，考慮到內地地產行業週期，中金預期2027至2028年華潤燃氣新增接駁用戶數或見底，接駁業務毛利率面臨結構性下行壓力，相應將今明兩年盈利預測下調24.6%及23.1%，目標價降至27港元，維持“跑贏行業”評級。

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