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《大行報告》摩通上調贛鋒鋰業(01772.HK)目標價至130元 評級「增持」
阿思達克 04-15 10:02
摩根大通發表報告指,贛鋒鋰業(01772.HK)(002460.SZ)首季盈喜意味其基本盈利能力改善,相信短期鋰價上升勢頭將持續強勁,上游原材料供應商由於其盈利表現較波動,估值過往一直對比下游電池生產商錄得折讓,該行相信相關折讓將收窄,由於在電動車所帶動的上升周期下,上游供應商將見更強勁毛利率提升。現時贛鋒鋰業A股及H股現時估值為市盈率65倍及51倍,低於電動車行業平均的約90倍。

該行上調贛鋒鋰業今明兩年盈測分別90%及84%,以反映均價提升。提升H股目標價,自70元上調至130元,維持「增持」評級。A股目標價亦自70元人民幣上調至130元人民幣,評級自「中性」升級至「增持」。

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