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《大行报告》麦格理升鞍钢(00347.HK)评级至「跑赢大市」 上调目标价至4元
阿思达克 11-26 09:53
麦格理发表报告,将鞍钢(00347.HK)的投资评级由原来的「跑输大市」上调至「跑赢大市」,以反映钢铁行业基本面改善。该行引述其最新调查指,扁钢需求强劲及钢厂与贸易商的情绪改善。在机械及汽车等制造业的带动下,订单连续数季录得上升。 由於毛利率提高,钢厂维持相对较高的产能利用率。

另外,内地自今年第四季以来热轧卷价格上涨5%至大约每吨4,100元人民币,虽然铁矿石成本高企,但毛利每吨上升约200元人民币。鞍钢公布第四季产品出厂价每吨加价100至400元人民币,相信公司是钢铁行业中最受惠於汽车及家电行业反弹的企业。

该行将鞍钢2020至2022年的每股盈利预测上调30至48%,以反映最新的钢铁价格预期,将鞍目标价由原来的1.8元上调至4元。

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