Market Brief

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Author

許偉龍先生(Anthony Hui)
交易員

現任職輝立交易員,對投資股票經驗豐富。本人樂意為客戶提供投資分析及買賣策略。歡迎各位來電交流心得。
Phone:
36533066

馬鞍山鋼鐵股份有限公司 (00323.HK)

Wednesday, November 28, 2018 Views1394

主要從事生產及銷售鋼材,並生產其他副產品如焦炭、生鐵及化工產品等。

 

基本資料 :

現價: $3.67

市值: 63.6億

市盈率: 5.71倍

周息率: 5.4%

52週高/低: $4.75 /$3.22

10天/50天/250天平均價 : $4.04/ $4.17/ $3.92

 

主要股東 :

馬鋼股份有限公司(45.54%)

 

業務回顧:

截至2018年9月30日止的首三季業績,馬鋼股份的收入增加19.4%至人民幣631.17億元。公司權益持有者的淨利潤增長1倍至人民幣55.83億元。 收入和淨利潤的增加反映報告期內鋼材銷售價量齊升。

 

評論:

第一,受惠國家供給側結構性改革加上基建增速帶動建築鋼材需求,將支持鋼價上升,預期第四季度盈利將繼續維持增長。

 

第二,AH股存在差價,撰寫本文章時,H股股價為$3.67,而A股股價為¥3.68,折合為港幣4.15( 以1人民幣 = 1.126913 港幣計算),兩者存在溢價13.08%。

 

第三,馬鋼具國企重組概念。

 

買賣策略
買入價: $3.43

目標價: $4.5

止蝕價: $3.09

 

註:本人許偉龍為證監會持牌人士。截至本評論文章發表日止,本人及/或其有聯繫者並無持有全部提及之証券的所有相關財務權益。

 

This report is produced and is being distributed in Hong Kong by Phillip Securities Group with the Securities and Futures Commission (“SFC”) licence under Phillip Securities (HK) LTD and/ or Phillip Commodities (HK) LTD (“Phillip”). Information contained herein is based on sources that Phillip believed to be accurate. Phillip does not bear responsibility for any loss occasioned by reliance placed upon the contents hereof. The information is for informative purposes only and is not intended to or create/induce the creation of any binding legal relations. The information provided do not constitute investment advice, solicitation, purchase or sell any investment product(s). Investments are subject to investment risks including possible loss of the principal amount invested. You should refer to your Financial Advisor for investment advice based on your investment experience, financial situation, any of your particular needs and risk preference. For details of different product's risks, please visit the Risk Disclosures Statement on http://www.phillip.com.hk. Phillip (or employees) may have positions/ interests in relevant investment products. Phillip (or one of its affiliates) may from time to time provide services for, or solicit services or other business from, any company mentioned in this report. The above information is owned by Phillip and protected by copyright and intellectual property Laws. It may not be reproduced, distributed or published for any purpose without prior written consent from Phillip.
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