摩根士丹利发表报告指出，山东黄金(01787.HK) 发盈喜，料去年未经审计的净利润介乎27亿至32亿元人民币，按年增长16%至37%，低于该行预期的33亿元人民币；撇除一次性项目后，核心净利润按年料升23%至46%，相对于该行料升44%。另意味着去年第四季净利润介乎6.34亿至11亿元人民币，相对于首三季净利润为6.82亿至7亿元人民币。鉴于去年第四季金价上涨(按季升8.3%至每安士2,680美元)，该行预计净利润将位于公司指引范围的上限。
该行提及，山东黄金的Namdini金矿已于去年试产，预期该项目将于今年贡献产量。此外，南非Twin Hills金矿项目料于今年底产出首批黄金。该行料有关因素均推动山东黄金今年产量强劲增长37%。该行对山东黄金评级“增持”，目标价22.2元。(jl/k)(港股报价延迟最少十五分钟。沽空资料截至 2025-01-27 16:25。)
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