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《大行報告》星展升洛鉬(03993.HK)目標價至5.6元 評級「買入」
星展發表研究報告指,預計洛鉬(03993.HK)的項目開發進展順利,鈷產能擴張將使其在電動汽車普及率不斷提高的情況下獲得市場份額並滿足鈷市場需求。洛陽鉬業的TFM鈷產量預計將在未來兩年內逐步擴大至2.4萬噸。該項目將使公司的鈷總產量在今年翻一倍,並轉化為48%的穩定複合年增長率,並在2025年達到6.7萬噸,從而提振其增長前景。該行又提到,洛陽鉬業將與寧德時代(300750.SZ)合作進軍玻利維亞的鋰市場,相信此舉將支撐集團良好的盈利前景。 該行表示,預計洛鉬H股的淨值報酬率(ROE)將趨於穩定,目標價由4元上調至5.6元,評級為「買入」;A股目標價則由6元人民幣上調至7元人民幣,予「買入」評級。
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