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.
研報掘金丨天風證券:紫金礦業有望迎戴維斯雙擊,首予“買入”評級

天風證券研報指出,資源為王,深耕礦業30餘年,紫金礦業(601899.SH)已擁有銅、金、鋰、鉬等世界級多元礦業資產組合。展望後市,認為在前期資本開支不足和資源貧化的條件下,銅精礦供應端硬約束已塑造,疊加新一輪降息週期開啟,中長期銅價中樞有望穩步上行,同時特朗普新任期二次通脹邏輯或將在未來四年持續演繹,新舊範式共同支撐金價走牛。銅金步入上行週期,或將對公司盈利和股價形成有效支撐,疊加發展目標明確及α能力突出,公司有望迎戴維斯雙擊。參考可比公司,給予25年PE14x,對應目標股價19.5元/股,首次覆蓋給予“買入”評級。

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