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大和:上調洛陽鉬業(3993.HK)目標價至3.7港元 評級“跑贏大市”
格隆匯 07-16 15:17

大和發表研究報告表示,洛陽鉬業(3993.HK)在本月12日簽訂金屬流交易協議,對其財務狀況產生利好。另外,大和認同公司對最近銅價上漲趨勢是由供給側上漲帶動的看法,但大和認為目前智利的公共衞生事件的負面影響尚未緩解,以及當地罷工的可能性會為銅價上漲提供進一步支撐,大和預計銅價會在第三季實現上漲。因此大和將今年的銅價預測由原來的每噸5800美元上調至6200美元。但值得注意的是,公司在澳洲Northparkes copper/gold mine(NPM)的銅生產完全不受金屬流交易協議所影響。

銅價回升消息,洛陽鉬業股價已自6月底大幅反彈26%,大和重申對洛鉬“跑贏大市”的投資評級,因為公司最近努力在澳洲及剛果為採礦營運積極準備,以應對未來的挑戰。同時,大和表示,將洛鉬目標價由原來的2.9港元上調至3.7港元,是基於上調公司2020年每股盈利預測、以及公司改善資產負債表等原因。

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