Anxin securities maintained Shandong Hualu-Hengsheng Chemical Co.Ltd(600426) buy rating: Q1 performance forecast met expectations, and new projects continued to advance

Anxin securities released a research report on March 29, saying that it maintained the buying rating of Shandong Hualu-Hengsheng Chemical Co.Ltd(600426) ( Shandong Hualu-Hengsheng Chemical Co.Ltd(600426) .sh, latest price: 33 yuan). The reasons for rating mainly include: 1) events: Shandong Hualu-Hengsheng Chemical Co.Ltd(600426) release the annual report of 2021; 2) The performance of 21fy and 22q1 of the company met expectations, and the repair of product price difference helped to increase the performance month on month in the first quarter; 3) New projects continue to be promoted, and the growth momentum can be expected. Risk tip: the product price has fallen sharply, and the project progress is less than expected.

AI comments: Shandong Hualu-Hengsheng Chemical Co.Ltd(600426) in the past month, it has received 10 research reports from securities companies, bought 7 and increased its holdings of 1. The average target price is 38.17 yuan, which is 5.17 yuan higher than the latest price of 33 yuan, and the average target price increases by 15.67%.

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