建银国际发布研报称,昆仑能源(00135)2024年增长疲软。该行微调其对公司2026年至2027年核心盈利预测2%至3%,将目标价由8.4港元升至8.7港元,维持评级“跑赢大市”,料今年燃气销售利润增长将重新加快,可持续的股息增长将支持估值。
报告称,公司2024年净利润同比增长5%,达到60亿元人民币。除去一次性项目,核心利润同比增长3.5%,达到64亿元人民币。盈利主要由于液化天然气(LNG)加工厂的税前利润同比增长310%和液化石油气(LPG)销售的税前利润同比增长40%,这大大抵销了工程、采购和施工(EPC)业务税前利润同比下降43%以及LNG终端和天然气销售的微薄利润。零售气量同比增长8%,而美元利润率同比下降3美分至每立方米0.47元人民币。液化天然气终端气化及装卸量同比下降2%,而液化天然气工厂加工量同比增长26%。
责任编辑:史丽君
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