大行評級|美銀:維持中國鋁業“買入”評級 對鋁價仍持正面看法
美銀證券發佈研究報吿稱,維持中國鋁業“買入”評級,基於對鋁價仍持正面看法,以及其為行業領導者。基於去年業績及公司最新指引,上調公司今明兩年每股盈利預測2%至7%,目標價由5港元上調至5.7港元。公司去年税後淨利潤同比升60%至67億元,為盈喜預吿範圍中位數,意味去年第四季税後淨利潤按季跌30%至13.6億元。
該行預測,中國鋁價為每噸1.9萬元,中鋁今年每噸鋁毛利料為3000元,受益於供應增長受限,以及煤炭與陽極炭塊成本下降。該行料中國鋁需求今年增長2%,受電網投資,以及電動車增長良好及輕型化趨勢支持,抵銷房地產需求與光伏需求增長放緩影響。
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.