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港股異動丨水泥股多數上漲 大摩料水泥股估值能進一步提升
格隆匯 05-13 14:56
格隆匯5月13日丨水泥股多數上漲,華潤水泥漲逾2%,中國建材和亞洲水泥漲約1%。摩根士丹利發表報告,預期基建需求和供應偏緊可支撐內地水泥股提升售價,板塊估值今年將進一步提升,上調所覆蓋水泥股目標價和盈利預測。該行表示,內地水泥行業100%由本土需求推動,不受疫情海外爆發的影響,加上現金流極佳和供應受限,水泥股具獨特優勢,有更多估值提升空間。大摩指出, 5月中旬長江三角洲市場水泥有望進一步提價,主要由於需求增加和供給更趨緊張,可提升第二、第三季毛利。另外,今年東部地區供給缺口料擴大,環保原因可能造成更多水泥廠關閉,有望推動第三季水泥價格好於預期。該行又預計,隨新基建項目有望在下半年開工,建築需求第四季將進一步上升,水泥價格有望再度超出市場預期。

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