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研報掘金丨國泰君安:龍佰集團鈦白粉產能規模全球第一,資源優勢突出
國泰君安研報指出,龍佰集團(002601.SZ)鈦白粉產能為151萬噸/年,規模全球第一,資源優勢突出,配套超百萬噸鈦精礦年產能。根據年報數據測算,公司鈦白粉成本優勢突出,成本優勢常年超千元。成長方面,公司豐源技改項目持續推進。鈦白粉終端下游為地產及工業領域,認為隨着各地政策的落地,內需或隨時間推移逐漸好轉。參考可比公司,給予24年14.96倍PE估值,上調目標價為28.34元(原為25.00元)。維持“增持”評級。
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