《大行報告》摩通上調中建材(03323.HK)目標價至13元 評級「增持」
摩根大通發表研究報告,指中建材(03323.HK)上半年純利錄54億元人民幣,按年跌7%,達到市場對其全年預測的45%,在首季錄超過70%跌幅後,第二季純利錄50%強勁增長,主要是受到基礎營運改善及第二季投資及其他收入有更大增長。上半年每噸毛利為113元人民幣,略較去年的每噸117元人民幣為低。銷售量為1.64億噸,按年微跌3%。
該行將公司目標價由原來的12元上調至13元,相信近期水泥價格的上升勢頭及公司重組方面進一步明朗化,可支持繼續估值重 評。另外,將其2020及2021財年的盈測分別上調9%及5%,以反映中期需求前景的能見度更高。維持「增持」投資評級。
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