郭家耀:觀望貿易談判港股料爭持 紫金(02899.HK)業績前景樂觀
港灣家族辦公室業務發展總監郭家耀稱,美股週四(5月1日)表現向好,科技企業業績理想,帶動大市向上,三大指數均錄得升幅收市。美元表現向好,美國十年期債息回升至4.21釐水平,金價持續受壓,油價低位略爲反彈。港股預託證券輕微偏軟,預料大市早段跟隨低開。
內地股市假期前走勢向下,滬綜指高開低走,收市下跌0.2%,滬深兩市成交額略爲增加。
港股繼續好淡爭持,指數在窄幅水平徘徊,整體成交保持清淡。內地假期休市,加上市場觀望貿易談判進展及經濟數據表現,預料大市維持橫行上落格局,指數續於21,500至22,500點水平徘徊。
另紫金礦業(02899.HK)第一季實現營業收入789.3億元人民幣,按年增長5.5%,淨利潤爲101.7億元人民幣,按年增長62.3%。業績顯着增長主要得益於金、銅的量價齊升。在生產方面,礦產金產量爲19.1噸,礦產銅28.8萬噸,礦產鋅8.8萬噸,礦產銀104.2噸。與2024年第四季度相比,金和銅的產量分別增加了0.4噸和0.9萬噸,而鋅和銀的產量有所下降。銷售方面,金銷量爲18噸,銅銷量22.0萬噸,鋅銷量9萬噸,銀銷量105.2噸,整體銷量符合預期。礦產金的單位銷售成本爲251元人民幣/克,按季上升6.8%,主要由於品位下降和運輸距離增加;礦產銅的單位銷售成本爲24,107元人民幣/噸,按季微增0.4%。
在價格方面,礦產金及銅的平均價格分別按季上漲12%和5.1%,導致金毛利達到70.4億元人民幣,按季增長13.4億元人民幣,銅毛利爲83.4億元人民幣,按季增長11.6億元人民幣。管理費用按季下降至21.7億元人民幣,而財務費用上升至5.6億元人民幣,整體處於較低水平。去年的資產減值損失相比有所減少,進一步提升了公司盈利能力。紫金礦業於4月完成對加納Akyem金礦的收購,該礦2023年實現銷售收入5.74億美元,淨利潤1.28億美元,礦山運行穩定。
此外,剛果的卡莫阿銅礦三期項目和薩瓦亞爾頓金礦的露採項目也在順利推進,預計將顯着提升公司的產量和利潤。公司設定了2025年的產量目標:礦產銅115萬噸,礦產金85噸,預計能夠順利完成。紫金礦業第一季度展現出強勁的業績增長,良好的生產和銷售表現,加上金銅價格的提升,未來業績前景樂觀。
(筆者爲證監會持牌人,本人及相關人士沒持有上述股份)~
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