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Sinopec Kantons May Gain From Strong Oil Jetty Business -- Market Talk

Sinopec Kantons May Gain From Strong Oil Jetty Business -- Market Talk

中石化冠德可能从强劲的石油码头业务中获益--市场传言
Dow Jones Newswires ·  2020/07/22 22:46

DJ Sinopec Kantons May Gain From Strong Oil Jetty Business -- Market Talk

DJ中石化冠德可能从强劲的石油码头业务中获益--市场谈话

0246 GMT - Sinopec Kantons is likely to benefit from strong domestic demand for its oil jetty business in 2H, helped by more oil imports despite a dip in March and April, Daiwa Capital says. The oil and gas-related company's plans to spin-off its YJ Pipeline for a total consideration of CNY 3.4 billion is likely a positive for the company, Daiwa Capital says, adding that this deal is highly value-accretive given Kantons is trading at 0.6X its estimated 2020 PBR. The Japanese investment bank raises its target price to HK$5.00 from HK$4.20 with an unchanged buy rating. Shares are up 1.9% at HK$3.69. (justina.lee@wsj.com)

0246GMT-大和资本(Daiwa Capital)表示，中石化关东可能受益于下半年国内对其石油码头业务的强劲需求，这得益于更多的石油进口，尽管3月和4月有所下降。大和资本(Daiwa Capital)说，这家石油和天然气相关公司计划以34亿元人民币的总代价剥离其YJ管道，这对该公司可能是一个积极的消息。他补充说，鉴于坎顿斯的股价是2020年预期PBR的0.6倍，这笔交易具有很高的增值价值。这家日本投行将目标价从4.20港元上调至5.00港元，买入评级不变。该公司股价涨1.9%，报3.69港元。(justina.lee@wsj.com)

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July 22, 2020 22:46 ET (02:46 GMT)

2020年7月22日22：46美国东部时间(格林尼治标准时间02：46)

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