《大行报告》花旗升中煤能源(01898.HK)目标价至5元 评级「买入」
花旗发表研究报告指中煤能源(01898.HK)管理层在首季业绩会议对煤炭供需及价格展望整体信息正面,该行上调其盈测,目标价由3.4元升至5元,维持「买入」评级。
报告称,中煤今年资本开支预算118亿元人民币,较去年实际资本开支高出13%,主要聚焦煤、煤化工及发电板块。花旗称,在去年首季低基数下,中煤今年首季录显着产出增长,在4至5月传统淡季,在基本面需求仍稳固,铁路维修致物流问题,以及更严格煤进口配额下,料供需关系仍紧张。该行料次季煤均价维持高企。
花旗续称,今年中煤产出指引维持1.05亿吨不变,去年实际产出1.1亿吨。整体而言今年供需关系料紧张,煤价料相对高企。
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