Market Brief

The articles are produced in Chinese only.

Author

黎健聰先生 (Keith Lai)
高級交易員

現任職輝立高級交易員,對投資股票、期貨、期權、商品、債券、基金交易經驗豐富。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:
36670668

中國黃金國際(2099.HK) – 黃金旺季,買黃金股

Wednesday, November 22, 2017 Views6862

主要業務:

 

主要業務包括收購、勘探、開發及生產黃金及其他有色金屬礦產。

 

最新業績:

 

截至2017年09月30日止9個月第三季度業績,期內業績扭虧為盈,公司擁有人應佔溢利為 43.7百萬美元,而去年同期虧損為 4.1百萬美元。 每股基本盈利 0.1102美元。 無派息。 期內,營業額上升 13.7% 至 2.79億美元,毛利率增加 7.9% 至 25.5%。 (公佈日期: 2017年11月14日)

 

業務展望:

 

1)公司剛在七月份完成發行5億美元債券,相信公司有充足資本改善礦區的生產經營及提升礦區的產量,另外,在過去成本削減計劃取得了成效,故相信公司將會提升盈利能力為股價帶來上升動力。

 

2)在過去也分析過黃金價格走勢(http://www.poems.com.hk/zh-hk/research-and-analysis/market-brief/?id=10090&cid=28),相信公司在黃金價格上升情況下,也是為公司股東帶來更大的回報,這也會吸引更多投資者(基金/機構投資者)買入股票,這也有助公司股價上升。

 

3)黃金旺季在年尾及第一季通常會因節日及新年需求上升引致價格向上。

 

股價分析:

 

股價在2016年11月9日高位$21 開始受黃金價格下跌影響投資者信心引發洗倉式下挫,但股價在跌近$12(高位下跌約42%)便有支持,這跌幅遠超黃金價格由2016年高位$1375.17至現在$1292只跌了約6%,而這一洗倉式下跌使公司股價也變得十分平宜。

 

現價: HKD 13.02

52週高/低: HKD 21 /HKD 11.06

市值: HKD 51.198億

市帳率: 0.45倍

每股帳面價值: HKD 28.9126

(資料來源: Phillip Stock Analytics)

 

股價SMA:

10天

20天

50天

100天

150天

200天

250天

$13.018

$12.781

$13.159

$13.01

$12.77

$13.71

$13.957

 

 

 

 

 

 

(資料來源: 股運通)

 

現在連續兩季公布業績由虧轉盈,故本人分析股價或會受惠公司發展及黃金價格預期上升及股價現出現大拆讓十分低殘的情況下,將為股價帶來大幅升值。

 

買入建議:

 

建議買入價:$13.1以下  止蝕價:$12.78(10天線)

短線目標價:$13.96(250天線) - $14.85(黃金比率反彈0.382)

長線目標價:$28(每股帳面價值)

 

投資風險:

 

1)礦區發生意外引致產能下跌

2)黃金及銅價格下跌

3)業績再出現虧損或下滑

4)股市出現大幅下跌引發洗倉情況

 

本人黎健聰為證監會持牌人士。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.
Top of Page
Contact Us
Please contact your account executive or call us now.
Research Department
Tel : (852) 2277 6846
Fax : (852) 2277 6565
Email : businessenquiry@phillip.com.hk

Enquiry & Support
Branches
The Complaint Procedures
About Us
Phillip Securities Group
Join Us
Phillip Network
Phillip Post
Phillip Channel
Latest Promotion
E-Check
Login
Investor Notes
Free Subscribe
Contact Us