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《大行》美銀證券料煤價趨於穩定 對行業持中性看法 上調煤股目標價
美銀證券發表研究報告指,本年至今中國動力煤及焦煤價格分別爲每噸680元和1,280元人民幣,較2022年累降約50%。該行對煤炭行業持中性看法,並預期由於供應增長放緩及煤炭進口減少,同時煤炭需求強勁,且動力煤價格在內地反內捲風氣下得到支撐,因此相信價格將在今年下半年至明年趨於穩定,將其今明兩年的合同價格預測上調至每噸670元人民幣。 該行上調中國神華(01088.HK)2025至27年盈測7%至29%,目標價由32元調升至38元,維持「中性」評級。另外,將兗礦能源(01171.HK)2026及27年盈測上調20%至21%,目標價由8元升至9元,重申「跑輸大市」評級。該行重申予中煤(01898.HK)「中性」評級,目標價由8.5元調升至11元。
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