《大行報告》花旗微升華潤水泥(01313.HK)目標價至11.8元 評級「買入」
花旗發表報告指,華潤水泥(01313.HK)管理層在投資者會議上,對華南地區的水泥市場前景給出了積極的信息。該行相信華南地區的水泥價格將從第二季開始按年上升,維持對華潤水泥「買入」評級,目標價由11.7元微升至11.8元。
花旗指,華潤水泥今年的銷售目標是按年略有增加,因為年初至今的銷售量好於預期。而廣東和廣西水泥自3月中開始加價,累計加幅每噸50至60元,較去年有所提高。廣東的價格每噸按年上升30元,達到去年的最高位,而廣西的價格就按年持平,只是比去年最高價低每噸30至40元。該行預計上半年的水泥價格趨勢將保持穩定,下半年將穩步上升。
展望今年需求,花旗指,廣東和廣西政府今年的投資額高於去年,重點啟動項目預計將比去年增加15%,其中廣西將超過30%以上。至於首季的重點項目招標時間表,廣東或廣西有35個項目,而去年同期為25個。
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