《大行報告》瑞信上調馬鋼(00323.HK)目標價至6元 評級「跑贏大市」
瑞信發表報告,指馬鋼(00323.HK)上半年純利按年增長472%,達到46億元人民幣,超預期,相當於第二季的純利為31億元人民幣,按年增長620%。盈利增長主要是由於鋼材價格和銷售量增加。展望未來,該行預計下半年的生產限制仍將嚴格。在基礎設施投資加速的支持下,加上鐵礦石價格疲軟,預期旺季的利潤將進一步擴大。
瑞信將馬鋼2021年、2022年、2023年的盈利預測分別上調33.3%、32.2%、31%,反映更高的銷售量和平均價格假設。H股目標價由4.8港元上調至6港元,A股目標價由5元人民幣上調至7元人民幣,均維持「跑贏大市」評級。
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