《大行报告》里昂降中铝(02600.HK)目标价至2.6元 评级「跑赢大市」
里昂发表报告指,中国铝业(02600.HK)首七个月业务表现受到铝业下游需求表现各异影响,其中汽车及能源板块无需求增长,拖累房地产总落成面积带来之需求增长的正面因素。该行指中国铝价自6月至7月调整後,於8月见底。基於该行能源团队对(石凡)土及铝价预测等,下调中铝今明两年EBITDA预测分别1.9%及3.1%,目标价相应自3.1元下调至2.6元,维持「跑赢大市」评级。
该行指,自2018年1月以来中铝股价已跑输同期MSCI中国指数47%,认为现股价吸引,可收集作长线投资。
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