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《大行報告》中金升紫金(02899.HK)目標價至17.8元 單季利潤創新高 或迎強勁增長
中金髮表報告表示,紫金礦業(02899.HK)今年首季績符合預期,首季實現營業收入647.71億人民幣按年升36.35%,實現歸母淨利61.24億元人民幣按年升143.88%,按季亦升40.12%,單季度利潤創歷史新高,公司順利實現開門紅。 該行維持紫金礦業盈利預測及「跑贏行業」的投資評級,考慮公司正加速邁進全球礦業前三至五名,該行上調紫金H股目標價9%至17.8港元,目標價對應預測2022年及2023年市盈率各15倍及14倍。 中金指,紫金在週期底部堅定擴張,在2015年至2018年金屬價格低迷期持續發力收購和「孵化」剛果金KK銅礦、塞爾維亞等礦業項目,奠定業績增長雄厚潛力。受益2019至2022年礦產銅、金、鋅有望逐漸放量,2020至2021年是紫金項目建設年,2022年是主力礦山的爬坡關鍵年,該行預計2022年至2023年公司礦產銅、金權益產量增速分別爲11%、10%,公司業績或迎來強勁增長。
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