You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行報告》摩通上調五礦資源(01208.HK)目標價至5.2元 評級「增持」
阿思達克 03-05 10:08
摩根大通發表報告表示,五礦資源(01208.HK)去年度錄得淨虧損6,500萬美元,略差過市場及該行預期,不過據該行渠道調查,其下游營運復甦快過正常速度,目前已達到農曆新年前之70%至80%;同時為了滿足大量訂單,一些工廠在春節假期期間沒有停產,大多數民工遵循政府的政策留在城市。

報告稱,即使五礦資源近期股價上升,但仍為內地銅相關板塊中估值最低,僅相當於2020財年企業價值對2021財年EBITDA預測約6倍,低於紫金(02899.HK)及洛鉬(03993.HK)的分別14及17倍。該行上調其2021年度盈利預測7%,以反映上調銅價預測,加上Kinsevere於新銅及鈷擴張計劃或成為未來的增長動力;以現金流折現率計,目標價由4.4元升至5.2元,維持「增持」評級。

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account