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大和微升粤丰(1381.HK)目标价至6.2港元负债比率低于同业
格隆汇 07-15 14:16

大和发表研究报告指,随着粤丰环保(1381.HK)得到云南和山东废物能源回收项目,于今年第二季新增共3250tpd产能,完成今年产能目标的32.5%,而大和亦预计于今年底粤丰的净负债权益比率为89%较同行为低,将其目标价由6.15港元微升至6.2港元,维持“买入”投资评级。

大和指,预期飞灰处理成本将会由去年每吨2000元人民币降至今年每吨1500元人民币,故粤丰有信心今年毛利率回复至50%。另外,预料其净负债比率将于2021年升至102%,但仍低于同业的137-145%,而2019年至2020年的每股盈利预测则上调8%。

大和发表研究报告指,随着粤丰环保(1381.HK)得到云南和山东废物能源回收项目,于今年第二季新增共3250tpd产能,完成今年产能目标的32.5%,而大和亦预计于今年底粤丰的净负债权益比率为89%较同行为低,将其目标价由6.15港元微升至6.2港元,维持“买入”投资评级。

大和指,预期飞灰处理成本将会由去年每吨2000元人民币降至今年每吨1500元人民币,故粤丰有信心今年毛利率回复至50%。另外,预料其净负债比率将于2021年升至102%,但仍低于同业的137-145%,而2019年至2020年的每股盈利预测则上调8%。

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