研報掘金丨中金:首予南山鋁業國際“跑贏行業”評級,產能大幅擴張帶來成長性
中金公司研報指出,考慮南山鋁業國際產能大幅擴張帶來的成長性,首次覆蓋給予“跑贏行業”評級,目標價33.19港元,南山鋁業國際是A股南山鋁業子公司,主營業務是印尼氧化鋁項目,2025年3月成功在港交所上市。公司已建成氧化鋁產能200萬噸/年,公司正規劃建設第二個年產200萬噸氧化鋁項目,有望分步在2025和2026年投產。該行認爲公司產能投放後有望成爲東南亞最大的氧化鋁生產商之一,可進一步提升公司在該地區市場影響力。此外,公司三大主要股東分別在中遊氧化鋁生產、下遊氧化鋁消納、上遊鋁土礦供應環節具有較強產業優勢,可實現產業鏈協同和優勢互補。
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.