《大行報告》美銀證券下調金屬價格預測 降中鋁(02600.HK)、紫金(02899.HK)及江銅(00358.HK)目標價
美銀證券發表報告指,由於物流樽頸、通脹、歐洲能源價格高企及存貨低,最近數季的金屬價格及波動性上升。另外,受中國最近的疫情封鎖及3月活動數據/金屬需求欠佳影響,市場對經濟放緩的憂慮加劇。
不過,該行相信中國政府的刺激措施可為需求帶來支持,而歐盟加快擺脫能源依賴,料可推動環球銅消費約1.9個百分點。
美銀下調對金屬價格的預測,其中今年鋁價預測降低18%至每噸3,315美元(按年增長34%);今年銅價預測則調低4%至每噸9,999美元(按年增7%)。
該行同時降低中資金屬股目標價,中鋁(02600.HK)目標價由5.5元下調至5元,評級維持「買入」,今明兩年盈利預測調低3%及8%;紫金(02899.HK)目標價由16元下調至15元,重申「買入」評級,今年盈測降1%;至於江銅(00358.HK)目標價由18元降至16元,同樣重申「買入」評級,今年盈測下調2%。
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