兖煤澳大利亚降目标价至34港元,维持“买入”评级

招银国际
22 Jul

一、研报核心观点招银国际发布研报,对兖煤澳大利亚(03668)的盈利预测进行了下调,同时维持“买入”评级。目标价从36港元下调至34港元,主要原因是煤炭平均售价下降,尽管销量假设略有上调。研报指出,物流问题改善及动力煤价格自6月起反弹是维持“买入”评级的关键因素。二、盈利预测调整原因研报中提到,兖煤澳大利亚2025年至2027年的盈利预测分别下调了22%、17%和13%。这一调整的主要驱动因素是...

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