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《大行報告》瑞信一舉降兗煤(01171.HK)評級至「跑輸大市」 削目標價至9.5元
阿思達克 11-12 09:58
瑞信發表報告,將兗州煤業(01171.HK)股份評級一舉由「跑贏大市」降至「跑輸大市」,以反映煤價假設的下降趨勢,目標價亦由17.5元大幅調低至9.5元。瑞信又下調集團明年及2023年盈利預測分別11%及13%,至130億元及125億元人民幣。 該行表示,政策挑戰、產量增加及庫存堆積已拖累內地煤價由高位每噸2,500元跌至1,130元人民幣。於今年11月8日,秦皇島港口的庫存超過550萬噸,按年增長10%。與此同時,內地全國煤電廠的平均庫存天數約為20日,與去年同期持平。受鋼鐵行業減產政策影響,瑞信預期今年第四季煉焦煤價格或將放緩。
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