You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
研報掘金 | 中信證券:下調天齊鋰業的評級至“增持” H股目標價49港元

中信證券發表報吿指,Greenbushes鋰礦定價機制以及鋰價下跌拖累天齊鋰業2023年業績,認為公司仍然維持領先的成本優勢,遠期鋰產能增長將在一定程度上抵消鋰價下跌導致的利潤下滑。該行預計2024至2026年淨利潤分別為37.38億、47.08億及50.54億元,H股目標價49港元,評級由“買入”下調為“增持”。

中信證券指,天齊鋰業去業績按年下滑,第四季業績轉虧,主要因存貨跌價損失及少數股東損益影響公司業績。據IGO,今年Greenbushes鋰礦定價機制將由此前的季度定價改為月度定價,並與相關鋰價指數掛鈎,這會使得公司鋰礦售價會更貼近鋰鹽價格。去年公司鋰產品產銷量分別為5.1萬和5.7萬噸,單噸成本為6.1萬元,由於Greenbushes 鋰精礦成本較低,公司鋰鹽低成本優勢仍然顯著。

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.
uSMART
Wealth Growth Made Easy
Open Account