《大行报告》摩通降兖煤(01171.HK)评级至「减持」 目标价上调至7元
摩根大通发表报告指,兖州煤业(01171.HK)H股股价在过去一个月上升了约45%,是中资煤炭股中表现最好,跑赢中国神华(01088.HK)超过35个百分点。目前,以相对市账率基础,神华对比兖煤的估值溢价接近历史低位。
该行下调兖煤H股股份评级,由「中性」降至「减持」,目标价则由5.5元升至7元。该行并建议在未来三个月买入神华及卖出兖煤,相信神华的成本基础更低,且股份回购令其对比兖煤有更佳的估值,估计神华对比兖煤的估值溢价会在未来数个月逐步恢复。
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.