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瑞信:降中國神華(1088.HK)目標價至20港元 評級“跑贏大市”
格隆匯 12-02 14:21
瑞信發表報告指,中國神華(1088.HK) 受惠其垂直業務模式,可舒緩部份煤價下降影響,料於2020年及2021年將會有更多產能投入。由於市場需求減弱,料明年煤價將按年下降8.9%至每噸535元人民幣,基於有關預測,該行降集團今年盈測2%,2020年及2021年則下調6.4%及6.5%,目標價相應自22港元下調至20港元,評級維持“ 跑贏大市 ”。

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