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大行評級|大和:中國神華股價下行的風險有限 關注中期盈利預吿
格隆匯 06-28 10:48
大和發表研究報吿預期,今年內地的煤炭產量及平均售價均會開始錄得下跌,惟估計中國神華股價下行的風險有限,預計跌幅將介乎約5%至10%。該行認為,當神華2024財年的收益率恢復至7%,追求高收益回報的投資者或會再次買入神華。該行亦指,除了受盈利表現支撐,神華亦繼續超額完成生產目標。公司2024年首五個月的煤炭產量按年升2.3%,相對於早前業務指引提及公司2024年將減產2.6%。另外,今年第二季度的煤炭價格由每噸800元,升至每噸850元,減少市場對公司8月盈利表現失望的情緒。大和亦提醒,神華於下月發佈的中期盈利預吿,將會是近期值得關注的消息。該行給予神華“持有”評級。
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