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麦格理:升润泥(1313.HK)目标价至12港元 纳入买入名单
格隆汇 09-09 10:56

麦格理发表研究报告指,由于天气改善及基建需求上升,认为广东及广西第四季水泥价格很有可能上升,而润泥(01313.HK)于这些地区的业务占比约70%。该行又指,广东水泥出货量按周升10%,较平常高出20%。

该行预期润泥的平均售价於长期会维持强劲,因为广东及广西的需求每年上升逾4%(受惠於大湾区建设需求),但供应仅上升少于2%。润泥现价相仅当於2019年预测市盈率6倍,股息回报率达7.7%,因此将润泥纳入该行“买入”名单,评级“跑赢大市”,目标价由11港元升至12港元。

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