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國泰海通證券:後續稀土價格有望繼續上升
格隆匯 07-03 21:05
國泰海通證券覆盤2020—2021年稀土板塊行情,認為稀土板塊股價上升均大致分為三階段:(1)商品價格底部確認,遠期估值修復。(2)超額利潤消化估值,行業龍頭白馬隨訂單成長。(3)景氣度爆發,價格上升加速,板塊普升。當前處於板塊行情第二階段,靜待內外盤升價共振。由於2025年2月以來稀土商品價格到目前升幅不大,因此板塊整體是緩慢向上。但隨着後續海外補庫需求傳導疊加國內新能源汽車旺季來臨,稀土價格有望繼續上升,帶動板塊向第三階段過渡(即商品價格、股價共振上行)。隨着稀土價格中樞抬升,國內稀土磁材企業有望迎來業績、估值雙擊,優選資源、磁材端龍頭企業。
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