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-大和资本表示，在最近的股价回调之后，云南能源新材料可能提供了买入机会。大和估计，由于2022年强劲的批量发货量前景，这家包装材料公司的盈利能力看起来也将有所改善。该行维持对云南能源2022年和2023年整体出货量同比增长分别为64%和52%的预测不变。该公司表示：“我们相信，云南在2022-23年期间将继续获得市场份额，因为它有能力在目前整个行业面临设备短缺的情况下扩大产能。”大和将目标价从397元上调至401元，维持买入评级。股价上涨2.3%，至人民币294.50元。(justina.lee@wsj.com)