Yunnan Energy New Material Offers Buying Opportunity -- Market Talk
Yunnan Energy New Material Offers Buying Opportunity -- Market Talk
0158 GMT - Yunnan Energy New Material may offer a buying opportunity, following a recent share price correction, Daiwa Capital says. The packaging materials company's profitability also looks set to improve, thanks to a strong volume shipment outlook for 2022, Daiwa reckons. The bank maintains its forecasts for Yunnan Energy's overall on-year volume shipment growth at 64% in 2022 and 52% in 2023 respectively. "We believe Yunnan will continue to gain market share over 2022-23 due to its ability to expand capacity in the face of the current equipment shortage industry wide," it says. Daiwa raises its target price to CNY401 from CNY397 and maintains a buy rating. Shares are 2.3% higher at CNY294.50. (justina.lee@wsj.com)
0158GMT-大和資本表示，在最近的股價回調之後，雲南能源新材料可能提供了買入機會。大和估計，由於2022年強勁的批量發貨量前景，這家包裝材料公司的盈利能力看起來也將有所改善。該行維持對雲南能源2022年和2023年整體出貨量同比增長分別為64%和52%的預測不變。該公司表示：“我們相信，雲南在2022-23年期間將繼續獲得市場份額，因為它有能力在目前整個行業面臨設備短缺的情況下擴大產能。”大和將目標價從397元上調至401元，維持買入評級。股價上漲2.3%，至人民幣294.50元。(justina.lee@wsj.com)