《大行報告》花旗重申看好金屬股前景 升紫金、江銅、洛鉬及五礦資源目標價
花旗發表報告,更新對金屬價格的預期,其中零至三個月銅價預測升至每噸9,000美元,六至十二個月預測升至每噸1萬美元,以反映未來數年銅庫存低企等因素。該行的牛市情境更估計銅價有機會在今年第三季平均達每噸1.1萬美元,明年第三季進一步升至每噸1.2萬美元。
該行又上調洛陽鉬業(03993.HK)、江西銅業(00358.HK)、紫金礦業(02899.HK)及五礦資源(01208.HK)於2020年至2023年的盈利預測,以反映中期銅價上升、鋅價提高及金價下降的假設,並相信今年中國製造業需求復甦,及房地產竣工周期將使鋁、銅及扁平鋼等後期材料受惠。
花旗重申看好中資金屬股前景,上調上述四隻相關股份目標價,評級全部維持「買入」。其中洛鉬目標價由5元升至6.5元;江銅目標價由15.9元升至18.9元;五礦目標價由4.05元升至5.1元;紫金目標價由10.9元升至14.6元。
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