《大行报告》美银证券下调赣锋锂业(01772.HK)目标价至128元 评级「买入」
美银证券发表报告指,在去年低基数下,赣锋锂业(01772.HK)首季除税後净利润按年提升近60.5倍,主要受锂化合物价格自去年第四季起攀升所带动。撇除政府补贴,首季经常性利润按年增长117%至2.94亿元人民币。
期内碳酸锂及氢氧化锂销量分别达到3,800吨及1.1万吨,虽然碳酸锂销量因生产调整而减少,但该行相信赣锋锂业可达成全年生产目标,达到2.5万吨碳酸锂及6万吨氢氧化锂。
该行表示,年初至今锂价维持上升趋势,预期可支持增长,将赣锋锂业今年至2023年各年盈测上调36%、6%及4%,维持「买入」评级,但下调估值基础,由预测2022至2023年市盈率均值50倍降至45倍,目标价相应由136元降至128元。
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