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《大行報告》瑞信上調協鑫科技(03800.HK)目標價至5.5元 評級「跑贏大市」
阿思達克 04-03 12:14
瑞信發表報告表示,協鑫科技(03800.HK)去年純利按年增215%至160億元人民幣,與公司盈喜一致。隨著顆粒矽的進一步擴張和轉化,該行預計今年其多晶硅產量中逾70%將屬顆粒矽。該行指,多晶矽短期價格呈下行走勢,但相對仍具韌性,意味多晶矽生產商利潤率強勁。基於生產成本下降,料顆粒矽今年至明年全球市佔率將擴張至16%-17%(去年為7%)。 該行將其今明兩年每股盈利預測上調5%至19%,以反映產能增加及成本進一步下降,目標價由5元升至5.5元,維持「跑贏大市」評級。
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