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摩通降中煤(1898.HK)目标价至3.3港元评级“中性”
格隆汇 08-26 15:54

摩根大通发表报告指,中煤能源(01898.HK)上半年纯利按年升22%,主要是受惠于自产煤的销量上升39%,且上半年纯利已占市场全年预期的85%。

该行补充,相信下半年内地煤炭供需不平衡将较上半年为大,主因煤炭供应已从第一季重大矿场事故後逐步回复正常,而最新7月数据亦显示中国原煤产量按年增长加快至10%(相对於上半年近乎零增长),整体需求则持续疲弱,因此估计会拖累今年煤价会下跌。

摩通轻微上调中煤2019年盈利预测2.7%,以反映上半年业绩,不过由於看淡其短期前景,将其目标价下调17%,由4港元降至3.3港元,维持“中性”评级。

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