《大行報告》美銀證券上調俄鋁(00486.HK)目標價至7元 評級「買入」
美銀證券發表研報指,基於上半年業績表現,對俄鋁(00486.HK)維持正面看法,期內產生自由現金流17億美元,淨債務顯著減少26%至41億美元,估計下半年將再產生約17億美元自由現金流,明年料達35億美元。
美銀表示看好鋁價發展,預期於2023年下半年每噸價格將見頂達到3.5美元,進一步帶動俄鋁於明年擺脫淨債務狀態,預期屆時淨現金將達到7億美元。該行指,俄鋁的高負債多年來一直為投資者所關注,相信公司會利用目前強勁盈利勢頭,進一步降低槓桿水平。
美銀指俄鋁目前估值便宜,將目標價上調1%至7元,重申「買入」評級。
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