《大行报告》花旗下调五矿资源(01208.HK)目标价至4.8元 评级「买入」
花旗发表的研究报告指,微调了针对五矿资源(01208.HK)的计算以反映公司去年业绩及首季生产报告,并反映了最近的配股计划等,将目标价由5.1元降至4.8元,以反映潜在股份摊薄的影响,维持「买入」评级。
该行估计秘鲁的总统选举短期将成公司的主要催化剂,次轮选举将在6月6日举行,据《路透》报道,左翼自由秘鲁党成员Pedro Castillo在5月曾指,假如当选将重新审视与外国矿商的合约,确保有七成的企业盈利可留在国内,料相关因素将为五矿资源带来下行,因为旗下有矿场位於秘鲁,不过铜价表现短期或会带来上行。
该行将公司2021至2022年盈利预测升38%及1%,以反映对铜今年平均销售单价估算提升,而该行对其盈利预测分别较市场高21%及8%。
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