摩通升五矿资源(1208.HK)评级至“中性”目标价上调至1.8港元
摩根大通报告指五矿资源(1208.HK)
上半年亏损属预期之内,因为早前公司公布了第二季营运数据。不过,亏损达到8100万美元,远多过该行预期仅亏损1300万美元,毛利较该行预期低25%,因为平均售价下跌及铜/锌销售率较低所致(受物流影响)。不过,销售延迟意味下半年销量将有所改善。
该行指,五矿资源股价已接近该行计算的内在价值,而且已反映负面经营因素,因此将该股评级由“
减持
”上调至“
中性
”,目标价由1.7港元升至1.8港元。
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