《大行报告》大和升洛钼(03993.HK)目标价至3.7元 重申「跑赢大市」评级
大和发表研究报告指出,藉铜价回升消息,洛阳钼业(03993.HK)股价已自6月底大幅反弹26%,该行重申对洛钼「跑赢大市」投资评级,因为公司最近努力在澳洲及刚果为采矿营运做准备,以应对未来的挑战。
该行指,洛钼在本月12日订立金属流交易协议,对其财务状况有正面影响。另外,认同公司对最近铜价升势是供应带动的看法,但相信目前的水平仍不如公司所看到的高风险。因为该行认为因智利疫情未纾缓,以及罢工的可能性会为铜价提供进一步支持,料铜价会在第三季维持在交割延期费水平。因此该行将今年的铜价预测由原来的每吨5,800美元,上调至6,200美元。但值得注意的是,公司在澳洲Northparkes copper/gold mine(NPM)的铜生产是完全不受金属流交易协议所影响。
该行表示,将洛钼目标价由原来的2.9元上调至3.7元,这是基於该行上调公司2020年每股盈利预测、其更佳的资产负债表等原因。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.