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《大行報告》里昂下調潤泥(01313.HK)目標價至11.89元 評級「買入」
阿思達克 03-18 10:39
里昂發表研究報告指,華潤水泥(01313.HK)去年業績遜預期,淨利按年增長4%,較該行及市場預測低16.3%及10.5%。

期內水泥銷量按年增長4.4%,該行預期由於去年低基數,今年首季銷量將按年升約20%。報告引述市場數據指,今年3月初南方地區水泥出貨量已回升至61%,按年及按周增長逾10個百分點,預期在人民幣升值下,首季均價將按年升3.8%至每噸419元。

考慮到煤價上升及廣西地區供應緊張,里昂將今明兩年盈利預測下調13%及8.1%,至100億及110億元,目標價由12.52元降至11.89元,維持「買入」評級。

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