中银国际发表研究报告指,华润建材科技去年净利润按年跌67%,但估算其核心盈利实际上按年增长37%。该行指,更重要的是,由于市场季节性需求良好和严格的市场产量控制,水泥和熟料的吨毛利去年第四季按季增长68%。
该行预计,2025年水泥和熟料单位利润将改善,骨料产量将增长,该行料其今年核心盈利有望按年增长50%。该行将公司今明两年盈利预测分别升11%及降8%,其目标价由原先2.38港元上调至3.06港元,重申其评级为“买入”。
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