金吾财讯 | 海通国际发研报指，得益于零售销气量及接驳业务稳步增长，华润燃气(01193)上半年营收及毛差得到进一步提升。居民及工商业用户拉动公司零售销气量增长。综合能源业务营收及盈利能力得到全方面提升。展望2024，该行认为宏观及行业环境对未来盈利仍有挑战，但公司整体运营相对稳健。基于公司业绩表现，该行调整公司FY24-26年公司主营业收入分别为1,026.5/1,083.6/1,143.9亿港币，对应归母净利润为54.3/57.0/59.8亿港币（原预测：2024-26主营业收入为1,053.81/1,115.44/1,248.89亿港币，归母净利润为57.68/64.47/70.92亿港币），目标价上调至37.9HKD/股（WACC从6.7%调整至7.2%，永续增长率从0.8%提高到2.5%），维持“优于大市”评级。
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