花旗:降中国建材(03323)目标价至4.2港元 评级“买入”

智通财经
14 May

智通财经APP获悉,花旗发布研报称,在中国建材(03323)公布首季业绩及管理层提供最新指引后,更新对其估值模型。该行引入2027年预测,并上调今明两年盈测分别8%及10%,以反映水泥及熟料单位毛利预测上调。该行降中建材目标价由5.4港元下调至4.2港元,相当于预测今年市盈率7.8倍(与H股同业均值持平),以反映现时行业及市场环境,评级“买入”。由于供应更具纪律及煤炭成本下滑,料今年利润率有望扩张,部分被销量预测下调所抵消。

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