中金:维持兖煤澳大利亚(03668.HK)跑赢行业评级 降目标价至29港元

智通财经
Aug 21, 2025
【中金:维持兖煤澳大利亚(03668.HK)跑赢行业评级 降目标价至29港元】智通财经APP获悉,中金发布研报称,考虑到煤价下调等假设,下调兖煤澳大利亚(03668.HK)2025/26E盈利37%/7%至5.35/7.47亿澳元。当前股价对应港股2025/26E市盈率为13.6倍/9.3倍。考虑到公司较可比同行具备一定成本优势,该行维持跑赢行业评级,随着需求边际改善,叠加7月以来“反内卷”政策在行业中持续发酵,看好2025-2026年基本面保持韧性,切换至2026年估值,下调目标价6%至29港元,对应港股14.0倍2025E市盈率和9.6倍2026E市盈率,隐含3%上行空间。

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