BUZZ-BHP's strong FY25 overshadowed by Jansen delays and flat growth view, Citi says

Reuters
07-21
BUZZ-BHP's strong FY25 overshadowed by Jansen delays and flat growth view, Citi says

** Global miner BHP Group BHP.AX finished FY25 with strong June-quarter production in copper and iron ore, and coal output beating expectations, but Jansen potash project start-up delays cloud growth prospects - Citi analysts

** Brokerage highlights improved FY25 net debt guidance of ~$13 bln vs previous $14.8 bln estimate, reflecting strong cash generation

** Citi flags Jansen Stage 1 potash project's start-up in Canada pushed back to mid-2027 with material capex increases and potential stage 2 delays

** Says FY26 production guidance broadly flat despite strong FY25 finish, limiting near-term growth prospects for the mining giant

** Citi maintains "buy" rating with unchanged target price of A$43 per share on high margins despite muted growth

** Stock up 1.87% this year, as of last close

(Reporting by Roushni Nair in Bengaluru)

((Roushni.nair@thomsonreuters.com;))

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10