share_log

研报掘金丨华鑫证券:宇新股份主业延续高景气,MTBE需求空间增大

Research Report Nuggets 丨 Huaxin Securities: Yuxin's main business continues to be booming, and demand space for MTBE is increasing

Gelonghui Finance ·  May 30, 2023 13:25
On May 30th, Huaxin Securities reported that the prices of MTBE and isooctane products of Yuxin shares (002986.SZ) rose significantly in 2022, and their performance increased significantly. With the 150000 t / a maleic anhydride production plant put into production and smooth operation, the company enriches the range of products and produces a large amount of steam, which further reduces the production cost of the company's products and contributes to the improvement of the company's efficiency. Since July 1, 2023, the national sixth emission standard 6B has been fully implemented nationwide. The main index of the upgrading of national sixth B gasoline lies in the olefin content in gasoline. MTBE and alkylated oil are important gasoline additives, which can increase the octane number of gasoline while reducing the olefin content, and the demand space increases with the increase of the addition ratio. The bank forecasts that the company's income from 2023 to 2025 will be 75.96,92.16 and 11.044 billion yuan respectively, and its EPS will be 2.63,3.04,3.35 yuan respectively. The current share price corresponding to PE will be 10,8.7,7.9 times, covering for the first time and giving a "buy" investment rating.

The translation is provided by third-party software.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment