share_log

大行评级|高盛:维持紫金矿业及宝钢“买入”评级 予赣锋锂业及中国建材等“中性”评级

Major rating | Goldman Sachs: Maintains 'buy' ratings for Zijin Mining Group and Baosteel, 'neutral' ratings for Ganfeng Lithium and CNBM.

Gelonghui Finance ·  Oct 14, 2024 06:29  · Ratings

Goldman Sachs's research report anticipates that the replacement plan for air conditioners, household appliances, electric vehicles, and autos in mainland China will have a significant impact on the demand for copper, aluminum, lithium, and flat steel in the coming months. On the other hand, there is no sign of improvement in the trend of construction demand, and it seems to continue on its current multi-year adjustment path, so the bullish demand for construction steel, iron ore, and cement should be limited. The bank expects that a 10% increase in the sales of air conditioners, household appliances, electric vehicles, and autos, a 10% acceleration in grid power distribution, and the possible execution of urban underground pipeline renovation plans will increase demand for copper by 4.3%, aluminum by 2.9%, lithium by 7.5%, steel by 1.4%, and cement by 1.1% in mainland China.

Goldman Sachs maintains a "buy" rating for Zijin Mining Group and Baosteel, while Ganfeng Lithium, CNBM, Conch Cement, ND Paper, and China Shenhua Energy are rated as "neutral", and Maanshan Iron and Aluminum Corporation of China are rated as "sell".

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.
Comment Comment · Views 4288

Recommended

Write a comment

Statement

This page is machine-translated. Futubull tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation.