研報掘金丨海通證券:淮北礦業業績具備較強成長性,維持“優於大市”評級
海通證券研報指出,24Q1淮北礦業(600985.SH)煤炭銷售量價齊跌,但降本成效顯著致毛利率提升。在建項目豐富,成長空間可期。公司聚焦煤炭主業升級改造、高端化工向新材料延伸、新能源、新型建築、智慧物流五大方向,有望打造成為國內一流的能源化工示範企業。該行認為公司煤炭業務穩健,且新業務增量豐富,業績具備較強成長性,根據可比公司估值,按照PE估值方法給予公司24年9~10倍的PE,對應合理價值區間為21.11~23.45元,維持“優於大市”評級。
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