《大行》花旗:協鑫科技(03800.HK)主席減持對營運無影響 目標價1.7元籲「買入」
花旗研究報告指,認爲協鑫科技(03800.HK)主席朱共山持股比例降至18.59%,對公司營運無直接影響,但會繼續關注事件對股權結構的潛在後續效應。基於公司在多晶硅生產的成本優勢,該行對協鑫科技的營運前景保持樂觀,預期公司將受惠於中國光伏行業的「反內卷」供給端改革。
該行認爲,當前市賬率(PB)計估值低於歷史平均水平,且預期公司淨資產收益率將於2026出現拐點;現予「買入」評級,目標價1.7元。
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