《大行》汇研升五矿资源(01208.HK)目标价至9.1元 铜基本面改善但短期上行空间有限

阿斯达克财经
Dec 15, 2025

汇研发表报告指,五矿资源(01208.HK) 第四季增长动能强劲,铜、锌产量稳定且金属价格走强,预计公司2026年产量将温和增长,Las Bambas矿区产量稳定,Kinsevere矿区的产量提升取决于电力供应;又因铜基本面改善但短期上行空间有限,维持“持有”评级;并采用12倍前瞻市盈率(原先为9倍),目标价从为3.2港元上调至9.1港元,隐含约11.9%的上行空间。汇研预计,五矿资源的Las ...

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