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《大行》星展升中國鋁業(02600.HK)目標價至8元 籲買入
阿思達克 07-23 12:21
星展研究報告指,維持中國鋁業(02600.HK)「買入」評級,並將目標價從5.5元上調至8元。該行指,上半年氧化鋁和鋁平均售價分別按年上漲5%和3%。隨著中國政府推動反內捲政策,料氧化鋁價格將反彈,而中國產能限制與全球需求增長將支持鋁價維持表現強勢。 報告提到,中國鋁業憑藉完整的供應鏈及持續優化的上游資源佈局,掌控幾內亞博法省的項目,該項目年產能可達1,500萬噸。此外,公司在現有配額內仍具備提升冶煉產能的潛力。考慮到關稅令全球不穩下的需求韌性,以及平均售價上升勢頭強勁,該行料公司全年盈利將顯著增長。
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