智通财经APP获悉，瑞银发布研报，维持对中国宏桥(01378)的“买入”评级，并将目标价从16.5港元上调至21.0港元。
瑞银上调中国宏桥目标价的原因包括：铝价前景强劲，2025年全年氧化铝和铝含税均价预估分别上调至2832元/吨、17699元/吨，该公司盈利有望保持稳健;派息率较高，约60%以上;更多投资人开始参考股息率进行投资，尤其是在保险基金开始买入之后。
瑞银还预计中期铝需求将稳健增长，结构性驱动因素包括：汽车轻量化(包括电动汽车);太阳能等可再生能源产能的结构性扩张;电力传输增长;包装塑料的替代使用。瑞银认为，这些因素将在中期推动铝需求稳健增长，尽管增速可能低于过去15年约 5%的复合年增长率。短期内，贸易战的不确定性、关税引发的提前采购热潮降温以及光伏行业放缓等因素可能会抑制铝需求。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.