海螺創業(00586.HK)續跌3%創上市低 大摩降級至「與大市同步」兼削目標價
海螺創業(00586.HK)五連跌,今日(14日)平開後走低,最低見6.88元創上市低。現報6.95元,跌3.2%,成交882.9萬股,涉資6,153.74萬元。
大摩發表報告,指海螺創業(00586.HK)持續向電池材料業務投入資本開支,惟該業務正面對潛在產能過剩風險,利潤率承壓;加上垃圾發電業務盈利質素差,負債比率上升,即使估值屆谷底,但由於缺失催化劑,仍將其投資評級由「增持」下調至「與大市同步」,目標價由43元削至8.28元。
由於持續投資垃圾發電業務及電池材料業務快速擴大產能,該行預期未來數年海螺創業資本開支續高企。公司指引今年資本開支60億元人民幣,該行料未來兩年分別錄56億及64億元人民幣,致淨負債比率由去年的37.6%擴至2025年料42.3%。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.