山西证券:关注煤炭板块盈利修复 股价下跌可逢低配置

智通财经网
Dec 17

智通财经APP获悉,山西证券发布研报称,关注煤炭盈利修复。11月煤价由涨转跌,从价格季节分布来看,2025年和2024年以及2023年的煤价季节性走势规律一致,均呈现出“淡季不淡”和“旺季不旺”。前期价格超预期上涨后,存在一定均值修复压力。寒潮来袭,旺季需求有所支撑。4季度业绩仍有改善预期,若价格长期高位运行,26年业绩仍具备较大修复空间。股价下跌强化红利价值,可逢低配置。山西证券主要观点如下:...

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