《大行報告》大摩調整資源股目標價 看好估值吸引行業龍頭
大摩預計,鋼鐵和鋁等材料的庫存在短期內會增加,隨後出口將增加,隨着被壓抑的需求和潛在的更多刺激措施,今年下半年需求前景應會有所改善。該行調整資源股目標價,看好估值吸引行業龍頭。
大摩認爲,近期房地產政策放鬆將需要更多時間才能反映在需求中,另外年初至今地方政府專項債券發行的回升,將由於時間上滯後,而令今年下半年的新動工項目增加,認爲水泥和鋼鐵行業的建築材料股可能更早恢復。
該行認爲,儘管電動汽車價格上漲,但電動汽車原材料仍將獲得強勁的價格支撐和強勁的需求。另外,可再生能源將保持強勁增長勢頭。大摩表示,海螺水泥(00914.HK)和中國建材(03323.HK)將受益於與刺激相關的需求復甦和向非水泥業務擴張;贛鋒鋰業(01772.HK)將受益於強勁的電動汽車銷售。
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