《大行報告》美銀證券下調海螺水泥(00914.HK)目標價至36元 評級「買入」
美銀證券發表報告指,在需求疲軟下,海螺水泥(00914.HK)首季表現符合預期,並跑贏同業。重申「買入」評級,目標價由38元降至36元。
報告指,自4月以來,水泥需求因天雨而再次疲軟,與往年相比,雨天天氣開始得更早,在需求疲軟的情況下,傳統於4至5月價格上升的情況可能無法出現。惟根據該行每周數據,華東地區的出貨量按年增長7%至8%,而其他地區則大致持平,因此海螺水泥次季銷量增長和每噸毛利或會比其他同行更有優勢。該行預計需求進一步改善,將2023和2024財年的每噸毛利預測分別復甦至每噸80元和93元人民幣。
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