麦格理表示,在全球最大矿商必和必拓(BHP)发布的一系列最新动态中,其43亿美元的白银流交易是当中的一大亮点。该行在一份报告中称:“业绩表现强劲,但关键在于必和必拓的创新做法,即在为前景可观的铜业务增长提供资金的同时获取潜在价值,并保持了收益率不变。“该行强调,铜业务现已成为必和必拓的“主要收入来源“。该矿商称,上半年铜业务贡献了51%的基础利息、税项、折旧、摊销前收益(Ebitda)。麦格理指出,必和必拓还提供了其铜业务增长项目储备的最新情况,包括Vicuna和奥林匹克大坝(Olympic Dam)的资本密集度。麦格理对必和必拓的评级为中性,目标价为51.00澳元。
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