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《大行報告》大摩料中鋁(02600.HK)今年純利增長強勁 目標價上望5元
阿思達克 04-09 11:20
摩根士丹利發表報告表示,就中國鋁業(02600.HK)發盈喜,預計截至今年3月止第一季度實現歸屬股東淨利潤約9.67億人民幣,較2020年同期增長約30倍,估計其首季核心利潤達13億人民幣,對比2020年首季虧損2.91億人民幣,是自2008年以來季度最高水平。

該行相信中鋁首季業績表現是受到鋁價較高及具效益的成本措施所動,令鋁業務的毛利率上升。

大摩重申對中鋁「增持」評級及目標價5元。隨著中國政府推動減少碳排放、可再生能源行業需求增加的影響下,行業供應收緊,料鋁價會繼續有支持;藉較高鋁價及有效成本控制,料公司今年純利增長強勁。

而該行料中鋁今年經調整盈利達38.27億人民幣,較2020年7.41億人民幣升4.16倍,並估計其2022年經調整盈利49.03億人民幣。(wl/u)

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