《大行報告》匯豐研究下調銅及鋁相關資源股目標價 降中國宏橋(01378.HK)評級至「減持」
匯豐環球研究發表報告指,雖然存貨水平緊張,但在全球需求前景疲弱下,未見銅及鋁相關股份有明顯的催化劑。
相對而言,在下行週期中該行喜好銅股多於鋁股,主要由於即使本地需求疲軟,但在電力供應改善的情況下,內地的鋁產量仍在增長;由於全球經濟放緩,內地的鋁出口下降;且煤炭價格和電價上升,令成本壓力增加;鋁材與地產行業的相關性亦較大。
在其覆蓋的資源股中,匯豐最爲喜好鋰相關股,認爲行業是能源轉型的真正贏家,加上與正處危機的房地產業關係不大。
匯豐研究下調銅及鋁相關資源股的目標價(另見表),認爲金屬價格下降及成本增加已令企業第三季的毛利惡化,預期在第四季亦不會有改善。其中,該行將藍籌中國宏橋(01378.HK)評級由「持有」降至「減持」,目標價由7.1元下調至5.6元。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of this article is for reference only. It does not constitute an offer, solicitation, recommendation, opinion or guarantee of any securities, financial products or instruments.The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance.