【汇丰研究微降中国海洋石油目标价至21港元 维持买入评级】金十数据1月23日讯,中国海洋石油(00883.HK)公布2025年经营策略展望,汇丰环球研究发表研报指,中海油今明两年净产量目标与该行预测相差约3%至4%,即约2000万至3000万桶油当量,目前预计2027年净产量将达到8.1亿至8.3亿桶油当量,较去年初指引延展一年。汇丰研究指,新指引下中海油2025至2027年产量年均复合增长率仍有约4%至5%,是三桶油中最高,同时预期资本支出将基本稳定,意味着当油价在窄幅范围内波动时现金流将不断增长。中海油承诺2025至2027年派息比率将提高至45%,汇丰研究表示,维持对中海油买入评级,将其目标价由21.2港元轻微下调至21港元,认为公司的优质资产增长较快,而且财务稳健,股息回报亦吸引,并将2024至2026年的产量及盈利预测下调1%、3%及4%,预期今明两年派息比率可达到45%及46%。
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