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瑞信:維持對招金礦業(1818.HK)跑贏大市評級 目標價15.5港元
格隆匯 11-30 13:14

瑞信發表研究報告指,招金礦業(1818.HK)的海域金礦預期2022年開始生產,如果能按計劃進行,料帶動盈利增加6500萬至20億元人民幣。海域金礦的規模較大及高品位可以降低生產成本,估計每克為100元人民幣。

由於存在不確定性,該行認為市場未有反映集團生產潛在上升,如果海域金礦可以計劃增加產量,相信市場將會上調對其預測。目前該行維持對其審慎看法,同樣未計入海域金礦令產量增加的因素。

招金現價相當於2020及2021年預測市盈率23倍及17倍,市帳率1.9倍及1.7倍。該行維持對其跑贏大市評級,目標價15.5港元。

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