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《大行》大摩料贛鋒鋰業(01772.HK)第三季盈利承壓 目標價14.3元籲「減持」
摩根士丹利研究報告指,贛鋒鋰業(01772.HK)料中期淨虧損介乎3億元至5.5億人民幣(下同),相較去年中期爲淨虧損7.6億元有所收窄;反映次季表現介乎盈利5,600萬元至虧損2.14億元,相較去年次季爲虧損3.56億元。另外,中期經常性虧損淨額達5億元至9.5億元,對比去年中期經常性虧損爲1.6億元;反映次季經常性淨虧損爲2.58億元至7.08億元,而去年次季經常性虧損爲2.42億元。該行認爲次季表現大致符合預期。 該行又,7月內地的計劃鋰產量增速持續超越需求增長。若江西宜春等地未見實質減產,近期價格反彈恐難持續,贛鋒鋰業第三季盈利仍可能承壓。現予目標價14.3港元及「減持」評級。
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