《大行報告》匯豐研究升五礦資源(01208.HK)評級至「買入」 目標價上調至2.75元
匯豐研究發表報告指出,五礦資源(01208.HK)宣布秘魯Velille區對物流運輸造成阻礙的路障已被移除,Las Bambas精礦運輸重新運作。Las Bambas項目於2022年面臨173日物流中斷和50日停產,於去年第二季因社區抗議出現重大中斷,雖然第三季情況有所改善,但第四季因路障而面臨再度中斷。然而,隨著公司近來正面的公告,該行相信公司將較預期更快克服營運挑戰,料Las Bambas的銅精礦庫存將逐步減少,並在Chalcobamba擴張中獲得更多動力。
該行將Las Bambas項目今年銅銷量預測由25萬噸上調至30萬噸,但仍略低於2020年的水平,產量預測維持在公司今年指引低端水平。該行將五礦資源評級由「持有」上調至「買入」,目標價由2.15元升至2.75元,看好銅價將在今年保持在較高水平。
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