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《大行报告》汇丰研究升江铜(00358.HK)目标价至24.5元 上调五矿资源及洛钼目标价
阿思达克 02-23 14:21
汇丰研究发表报告,考虑到市场供需状况,再度上调铜价预测,并同时提高钴价预测,报告指出内地农历新年期间仍有很多工厂运作,使铜需求保持高位,预计供不应求状况将持续。

该行指出,在过去三个月中,受益於行业不断转向全球需求,铜企股价上涨60%至80%,对比同期恒生中国企业指数上升13%。在经济复苏推动下,铜价目前创9年新高,钴价亦累升50%以上,升幅快於预期,农历年需求较以往强劲,持续的供应中断,加上美元走弱,虽然预期铜矿的供应量将增长,但需求增长速度更快,因此相信至明年铜仍将维持短缺,相应将2021至2025年铜价预测上调3%至6%。

该行同时指出,电动汽车的需求乐观情绪增强,刺激亦钴需求,将2021至2022年钴价预测上调30%。

汇丰研究上调金属股盈利预测和目标价,将江西铜业(00358.HK)2021至2022年盈利预测上调8%及6%,目标价升至24.5元;五矿资源(01208.HK)盈利预测上调24%及18%,目标价升至7.5元;洛钼(03993.HK)今、明两年盈测上调72%及52%,目标价升至8元,全部给予「买入」评级,当中首选五矿资源。

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