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大和:上調洛鉬(3993.HK)目標價至5港元 評級優於大市
格隆匯 01-04 12:35

大和發表研究報吿表示,洛陽鉬業(3993.HK)將受惠十四五規劃下綠色能源的發展。倫敦金屬交易所的銅現貨價格或於今年上半年維持高於每噸7000美元,另由於供應不足,鈷價將出現反彈。該行將洛陽鉬業H股目標價由4港元,上調至5港元,維持優於大市評級。

大和預期,儘管由於航空需求下降,鈷價格可能仍會受壓,在每噸4萬美元以下,但該行料2020至2030年在全球電池需求複合年增長率為29%的情況下,鈷的需求將逐步增長。

大和又預計,中國的“碳中和”政策對集團的全球運營影響小。在需求方面,該行認為電動汽車和可再生能源的發展會推動銅的新需求,電池使用量可能會增加鈷和鎳的消耗量。

大和指,受銅價上漲和鈷在內的其他大宗商品價格回升的帶動,預料今年集團自身淨利潤按年增長高達77%。

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