《大行報告》摩通下調潤泥(01313.HK)目標價至12元 評級「增持」
摩根大通發表報告表示,華潤水泥(01313.HK)自去年第四季表現開始跑輸大市,股價累跌19%,主因市場關注內房調控收緊會影響今年水泥市場需求以及缺少盈利增長潛力等因素。
報告又指,潤泥今年首季純利大致符預期,更相信本年至今房地產預售已大幅上漲,房地產拖累因素應已基本消除,因而帶動潤泥盈利增長勢頭逐步回升。該行輕微下調其今明兩年盈測各約4%,以反映較低每噸毛利的預期,目標價由13.5元降至12元,予「增持」評級。
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