《大行報告》瑞信升保利協鑫(03800.HK)評級至「跑贏大市」 目標價上調至4元
瑞信發表報告指,保利協鑫(03800.HK)經過七個月的停牌後,於今日(1日)恢復買賣。停牌期間,多晶矽的價格由於供應短缺而上升了約120%,至於同業的股價則升約40%,該行認爲保利協鑫是明顯落後。
該行表示,集團今年上半年轉盈,由去年的虧損轉爲錄得利潤24億元人民幣,主要是受惠於多晶矽的上升週期。另外,受粒狀多晶矽擴展所支持,預期集團今年至2023年的產量年均複合增長率可達142%,全球市場佔有率由去年的15%,增至2023年的24%。
瑞信將保利協鑫股份評級由「中性」升至「跑贏大市」,目標價由2.2元上調至4元,並調升集團今明兩年每股盈利預測43%至84%,以反映多晶矽的產品均價提高,及銷量增長加快。該行認爲,集團的資產負債表有顯着改善,淨負債由去年底的349億元人民幣,減至今年上半年的148億元人民幣。
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.