《大行報告》大摩料電廠春節前增煤庫存短期利好兗煤(01171.HK) 惟料煤價升勢短暫
摩根士丹利發表報告指,目前內地秦皇島5500大卡煤價按周上升5%至每噸779元人民幣,中國煤炭價格指數(CCI)5500大卡更按周升13%至每噸960元人民幣,為兩指數在上個月趨同後,價差再次擴大。
該行表示,雖然內地煤炭行業供需平衡有所放鬆,但現貨和期貨煤炭價格再次上升,預計農曆新年前電廠急於建立庫存,將為兗礦能源(01171.HK)的H股及A股股價提供短期支持,但該行認為煤價升勢只會是短暫,其H股及A股評級均為「減持」。至於中國神華(01088.HK)評級「增持」。
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