研報掘金丨東吳證券:陝西煤業未來產能擴張可期,首予“買入”評級
東吳證券研報指出,陝西煤業(601225.SH)背靠陝煤集團優質動力煤龍頭,資源獲取具備天然優勢,未來產能擴張可期。公司煤炭煤質優良,因此其坑口含税價高於大同、鄂爾多斯礦區,大多在805-840 元/噸之間,競爭優勢顯著。另外,公司礦井地質構造簡單、單井規模較大,疊加礦井智能化加持,造就低開採成本。此外,公司通過“核增+收購”大幅提升資源儲備,在煤價維持歷史高位背景下,賦予公司高業績彈性。考慮公司兼具穩定成長和高股息避險屬性,首次覆蓋給予“買入”評級。
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