《大行报告》花旗重申看好金属股前景 升紫金、江铜、洛钼及五矿资源目标价
花旗发表报告,更新对金属价格的预期,其中零至三个月铜价预测升至每吨9,000美元,六至十二个月预测升至每吨1万美元,以反映未来数年铜库存低企等因素。该行的牛市情境更估计铜价有机会在今年第三季平均达每吨1.1万美元,明年第三季进一步升至每吨1.2万美元。
该行又上调洛阳钼业(03993.HK)、江西铜业(00358.HK)、紫金矿业(02899.HK)及五矿资源(01208.HK)於2020年至2023年的盈利预测,以反映中期铜价上升、锌价提高及金价下降的假设,并相信今年中国制造业需求复苏,及房地产竣工周期将使铝、铜及扁平钢等後期材料受惠。
花旗重申看好中资金属股前景,上调上述四只相关股份目标价,评级全部维持「买入」。其中洛钼目标价由5元升至6.5元;江铜目标价由15.9元升至18.9元;五矿目标价由4.05元升至5.1元;紫金目标价由10.9元升至14.6元。
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