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《大行報告》匯豐研究升紫金(02899.HK)目標價至16.7元 高質量增長
阿思達克 03-25 10:43
匯豐發表研究報告指,紫金(02899.HK)2023年的收益表現,與產量成長及平均銷售單價(ASP)上漲幅度一致,足以抵銷公司擴張時所帶來的更高費用。該行指近期公司股價強勁表現,是受惠於銅供應緊張導致銅價強勢、地緣政治風險推動金價爬升,以及美元疲弱等因素。雖然公司業績表現反彈後有一定的獲利風險,不過該行指公司擁有對優質資源的長期策略,以及步入正軌的產能擴張計劃,因而預計公司2024年的收入將有22%的增長。 同一時間,由於潛在的銅供應中斷,該行預期銅市場今年將持續緊張。供應中斷情況加劇,加上銅需求復甦強勁或會爲銅價帶來上行風險。因此匯豐將紫金目標價由15.5元上調至16.7元,重申「買入」評級。(js/cy) ~
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