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研報掘金丨東吳證券:尚太科技具備長期成本優勢 維持“買入”評級
東吳證券研報指出,尚太科技(001301.SZ)2023年H1營收19.67億元,同降10.52%,出貨同比持平微增,預計公司2023年出貨有望達15-16萬噸,同增45%。受降價影響盈利承壓、預計長期成本優勢可維持。預計可保持3000-4000元/噸成本優勢。考慮到行業競爭加劇,該行下修公司23-25年歸母淨利預期至9.04/11.36/15.46億元(原預期13.05/18.59/25.40億元),同比-30%/+26%/+36%,對應PE為17x/14x/10x,考慮到公司具備長期成本優勢,給予24年20xPE,對應目標價87.4元,維持“買入”評級。
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