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大和:升洛鉬(3993.HK)目標價至2.85港元 料鈷價仍有上升空間
格隆匯 10-04 13:57

大和總研發表研究報告指,由於剛果Mutanda鈷礦場將於今年底停產,預期鈷供應仍然緊張,對鈷價將有正面影響。大和認為,洛陽鉬業(3993.HK)現時股價仍未反映鈷價上升因素,將目標價由2.75港元提高至2.85港元,維持“優於大市評級。

大和續指,市場過度關注銅價對洛鉬的影響,認為現時股價已反映大部分負面因素。大和估計,鈷價仍有上升空間,將2019至2021年的鈷價預測分別調高11%、31%及33%。隨着礦場產能逐漸正常化,預計洛陽鉬業收入會按年倒退4%;但由於鈷價上升,估計第三季經調整淨利將會按季上升31%。

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