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《大行报告》里昂下调润泥(01313.HK)目标价至11.89元 评级「买入」
阿思达克 03-18 10:39
里昂发表研究报告指,华润水泥(01313.HK)去年业绩逊预期,净利按年增长4%,较该行及市场预测低16.3%及10.5%。

期内水泥销量按年增长4.4%,该行预期由於去年低基数,今年首季销量将按年升约20%。报告引述市场数据指,今年3月初南方地区水泥出货量已回升至61%,按年及按周增长逾10个百分点,预期在人民币升值下,首季均价将按年升3.8%至每吨419元。

考虑到煤价上升及广西地区供应紧张,里昂将今明两年盈利预测下调13%及8.1%,至100亿及110亿元,目标价由12.52元降至11.89元,维持「买入」评级。

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