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《大行報告》花旗上調贛鋒(01772.HK)目標價至126.6元 天齊(09696.HK)目標價下調至115元
花旗發表報告指,由於預計明年新能源車銷售減弱,市場認為鋰價將會較今年下跌。由於寧德時代提前減產,內地碳酸鋰價格可能在11月中旬達到每噸59.8萬元人民幣時已見頂,而目前的現貨價格為每噸57.8萬元人民幣。然而,該行認為在明年3月或第二季前,信用證價格不會有太大的下行空間。即使按照該行對明的保守價格預測,即每噸4萬美元,相關股票仍具吸引力。 報告指,由於天齊(09696.HK)垂直整合的業務模式,料能減低下行周期受到的影響,因為預計碳酸鋰價將比鋰輝石價更早下跌。長遠而言,贛鋒(01772.HK)則可能會因其強勁的生產擴張和更多的鋰儲量而有好的表現。對贛鋒目標價由115.4元升至126.6元,天齊目標價則由126元下調至115元,均維持「買入」評級。
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