《大行報告》摩通下調海螺水泥(00914.HK)目標價至53元 評級「增持」
摩根大通發表報告指,海螺水泥(00914.HK)股價年初至今上升約7%,表現持續跑贏恆指的下跌17%。而集團首季盈利疲弱,按年下跌15%至49.3億元人民幣,但應已被市場充份預期,表現差主因下雨天氣及內地疫情封鎖措施令需求低迷。
該行表示,由於供應紀律的執行仍然良好,預計在封城後會有非常強勁的銷量和每噸毛利反彈。不過,因目前未清楚封城的程度及將持續多長時間,因此水泥股仍是一個等待遊戲。
摩通下調海螺水泥股份目標價,由56元降至53元,評級維持「增持」,並將集團今年盈利預測下調2%,明年則升1%,以反映每噸毛利的假設。行業中,海螺水泥及中國建材(03323.HK)同爲該行首選。
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.