研報掘金丨國投證券:首予中國重工“買入-A”評級,持續看好公司未來盈利彈性釋放
國投證券研報指出,2021年開始,受益於全球造船高景氣和船價上升,中國重工(601989.SH)持續把握新船市場機遇。需求側看,2000s以來新造的船舶將從2020s開始加速進入老齡化階段,疊加綠色動力催化,民船造船大週期開啟。隨着公司在手高價船2024年開始陸續交付,疊加產能利用率提升帶來規模效應,持續看好公司未來盈利彈性釋放。保守給予中國重工1.8 倍PB,對應目標價6.58元,首次覆蓋,給予“買入-A”評級。
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