研報掘金丨西部證券:首予南鋼股份“買入”評級,目標價5.54元
西部證券研報指出,市場認爲鋼鐵行業去產能很難落實,而我們認爲去產能的手段從行政化到市場化,β的拐點已經出現;南鋼股份(600282.SH)產業一體化佈局,順從產業發展的趨勢和方向,走高端化和國際化路線,引領南京產業發展,具備明顯α。公司作爲中信集團旗下新材料板塊的兩大支柱上市公司之一,企業盈利(ROE)和市盈率屬於關鍵指標,疊加2025-2026年鐵礦石成本有望下降,公司業績彈性釋放值得期待。給予2025年15倍PE,目標價爲5.54元/股,首次覆蓋,給予“買入”評級。
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