《大行報告》建銀國際首予中廣核礦業(01164.HK)「跑贏大市」評級 目標價2.28元
建銀國際發表報告,首予中廣核礦業(01164.HK)「跑贏大市」評級,目標價2.28元,意味潛在上升空間約25%。報告稱,以庫存及生產計,中廣核礦業2022年已晉身全球第四大鈾生產商。自2019年起,其純利增長約300%,股價累升約7倍,跑贏全球鈾生產商及中國下游核能上市企業。
考慮全球鈾供應短缺及在多年去庫存後缺乏二手供應,該行料今年鈾價按年升71%至每磅103美元,明年再升4%至每磅107美元。由於生產見頂及舊礦場資源日漸枯竭,全球鈾生產料將於2029至2030年見頂。同時,鈾需求持續上升,中國正加大推進核能發電以追上全球趨勢,並達至長遠碳排放目標。
該行料中廣核礦業今年純利按年升83%,明年再升14%,受惠投資收益及交易收益增加。考慮增長前景正面及盈利具可見度,現時估值相當於預測明年市盈率12倍,該行認為較全球同業平均15.4倍而言屬吸引。該行認為中廣核礦業估值最少應可看齊國際同業。
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.