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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

中石化冠德可能從強勁的石油碼頭業務中獲益--市場傳言
Dow Jones Newswires ·  2020/07/22 22:46

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

DJ中石化冠德可能從強勁的石油碼頭業務中獲益--市場談話

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-大和資本(Daiwa Capital)表示，中石化關東可能受益於下半年國內對其石油碼頭業務的強勁需求，這得益於更多的石油進口，儘管3月和4月有所下降。大和資本(Daiwa Capital)説，這家石油和天然氣相關公司計劃以34億元人民幣的總代價剝離其YJ管道，這對該公司可能是一個積極的消息。他補充説，鑑於坎頓斯的股價是2020年預期PBR的0.6倍，這筆交易具有很高的增值價值。這家日本投行將目標價從4.20港元上調至5.00港元，買入評級不變。該公司股價漲1.9%，報3.69港元。(justina.lee@wsj.com)

(END) Dow Jones Newswires

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

2020年7月22日22：46美國東部時間(格林尼治標準時間02：46)

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