《大行報告》美銀證券下調贛鋒鋰業(01772.HK)目標價至128元 評級「買入」
美銀證券發表報告指,在去年低基數下,贛鋒鋰業(01772.HK)首季除稅後淨利潤按年提升近60.5倍,主要受鋰化合物價格自去年第四季起攀升所帶動。撇除政府補貼,首季經常性利潤按年增長117%至2.94億元人民幣。
期內碳酸鋰及氫氧化鋰銷量分別達到3,800噸及1.1萬噸,雖然碳酸鋰銷量因生產調整而減少,但該行相信贛鋒鋰業可達成全年生產目標,達到2.5萬噸碳酸鋰及6萬噸氫氧化鋰。
該行表示,年初至今鋰價維持上升趨勢,預期可支持增長,將贛鋒鋰業今年至2023年各年盈測上調36%、6%及4%,維持「買入」評級,但下調估值基礎,由預測2022至2023年市盈率均值50倍降至45倍,目標價相應由136元降至128元。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.