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《大行報告》花旗升華潤水泥(01313.HK)目標價至12.2元 重申為行業首選
阿思達克 01-02 14:48

花旗發表報告表示,上調對華潤水泥(01313.HK)目標價,由9元升至12.2元,此相當預測今年市盈率9.1倍及市賬率1.8倍,以反映對公司今明兩年股本回報較高的預期,重申為行業首選。

該行估計,內地水泥銷量及售價均可按年上升,料今年水泥需求將可上升3%,主要受基建投資增加、內房需求保持穩定所支持,整個廣東省東部於今年首季僅有一條新增生產線,相信不會對珠三角地區市場構成壓力。

花旗指估計煤價回落可支持華潤水泥毛利率表現,決定上調對潤泥於2020年及2021年純利預測各21%及29%各至93.29億及96.13億元,調高公司於2020年及2021年每噸水泥毛利預測各19.8%及24.5%,均至177元。

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