《大行報告》花旗:看好內地水泥股今季前景 首選中國建材、海螺水泥及潤泥
花旗發表報告,指水泥股估值吸引,市場對物業銷售下滑反應過度,並未足夠重視水泥行業集中度高、議價能力高的好處,是該行在今年第四季最看好的行業。該行上調多隻水泥股的盈利預測和目標價,首選中國建材(03323.HK)、海螺水泥(00914.HK)和華潤水泥(01313.HK),全部持「買入」評級。
花旗將中國建材(03323.HK)目標價由17.5元上調至18元,海螺水泥(00914.HK)目標價由67.8元上調至72元,華潤水泥(01313.HK)目標價由10元上調至10.1元。
花旗預計,水泥需求在明年需求會減少2%,當中考慮到預計明年新屋動工樓面面積下滑15%,而部分跌幅會被基建需求抵銷,並預計水泥價格會在今年第四季創新高。該行認爲,內地會對能源密集的行業實施的產能控制措施,會在未來數年持續,對水泥、鋁和鋼都有正面作用。
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