《大行报告》瑞信降江铜(00358.HK)评级至「跑输大市」 目标价上调至18元
瑞信发表报告,估计中国的铜需求在今年度将按年增长2.6%。由於需求增长和低库存,今年的铜价平均为每磅4.18美元。在产业链中,上游的铜精矿生产商处於主导地位,它们占据了产业的大部分利润。
瑞信将江铜(00358.HK)2021至2023年度的盈利预测分别上调了5.4%、5.3%、5.6%,以反映更高的铜价假设。但随着精炼厂产量增加,矿供应趋紧,该行预计精矿的价格上升空间将超过加工精炼费用。因此下调江铜评级至「跑输大市」,将H股目标价从17元上调至18元,A股目标价由25元人民币上调至26.5元人民币。
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.