《大行報告》高盛升兗礦能源(01171.HK)評級至「中性」 目標價上調至21元
高盛發表研究報告指出,兗礦能源(01171.HK)是內地及澳洲的最大煤炭生產商之一,其2021年自採煤炭銷售額達1.05億噸。公司主要生產動力煤和煉焦煤,供應電力、鋼鐵及煤化工等終端市場。該行估計,公司81%的產出為動力煤,而19%產出為半軟焦煤或噴吹煤,用於供應發電及鋼鐵市場。
該行預期,內地現貨煤價高企將持續一段長時間,但隨著國際現貨市場恢復正常水平,料兗礦能源產品均價將由2022年的每噸1,061元人民幣,逐步回落至2025年的每噸727元人民幣。另對公司2022至2024財年盈利預測上調20%至50%,對其H股評級由「沽售」上調至「中性」,目標價由14.2元上調至21元。
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