《大行報告》瑞信下調潤泥(01313.HK)目標價至4元 降2022-24年盈測
瑞信發表報告指,華潤水泥(01313.HK)首三季純利按年下跌65%至18億元,表現符合早前的業績預告,並意味單計第三季的純利為3,300萬元,按年大跌98%。盈利倒退主要由於銷售價下跌,特別是廣西省,再加上成本上升。
該行下調潤泥今年至2024年各年每股盈利預測分別33%、23%及26%,反映毛利率假設下降。股份目標價由5.8元調低至4元,評級維持「中性」。
瑞信提到,自9月以來已看到廣東及廣西省幾輪價格上升,推動價格的因素不僅是需求回暖,亦包括旺季罕見的有紀律生產,及生產成本上升。
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.