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《大行報告》匯豐研究升中化化肥(00297.HK)目標價至1.3元 評級「買入」
阿思達克 03-02 11:20
匯豐環球研究發表報告,上調中化化肥(00297.HK)目標價,由1.08元上調至1.3元,維持「買入」評級。報告指,中化化肥預期去年盈利按年增長三至四成,超出該行預期。該行相信盈利超預期與銷售增加有關,上調中化化肥2019至2021年收入預測介乎4%至12%,亦上調期內純利預測介乎6%至45%。報告指,中化化肥上月公布母公司中化集團正與中國中化商討戰略重組,中化集團旗下先正達(Syngenta)及其他分支正計劃在中化集團下組合農業化學資產,以建構中國最大農業化學集團。中化集團2017年6月收購先正達,後者為全球最大除蟲劑生產商及第三大種子生產商。有關重組涉及江蘇揚農化工、安道麥及安徽荃銀高科種業等中化集團及中國中化旗下上市公司,涉及肥料、除蟲劑、種子及其他農業產品。匯豐環球研究認為,中化化肥為該等公司中的唯一化肥企業,在戰略聯盟中為不能被剔除的一員。有關聯盟將在除蟲劑、肥料及種子業務產生協同效應,推動公司盈利能力大幅改善。
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