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《大行報告》瑞信上調中煤(01898.HK)目標價至5.2元 評級「跑輸大市」
阿思達克 04-28 10:25
瑞信發表研究報告指出,中煤能源(01898.HK)首季純利按年增長93.1%至67.9億元人民幣,主要由於煤炭和煤化工產品價格上升;受惠於政府確保煤炭供應的政策,令公司產量及銷量有所增加;以及投資收入增加與減值撥回所致。期內,自產商品煤銷售均價按年增長42.8%至每噸727元人民幣,當中動力煤均價升34.3%、煉焦煤均價升82.9%。 該行將中煤的2022至2024財年各年盈利預測分別上調19.7%、19.2%及19.7%,以反映上調銷量及煤價預測,H股目標價由4.3元上調至5.2元,估計煤炭產量穩定,惟受疫情影響令需求疲弱,而淡季亦令煤炭價格受壓,維持「跑輸大市」評級。
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