Boc International (China) Co.Ltd(601696) 04 released a research report on April 26, saying that it maintained the overweight rating of Zhejiang Huayou Cobalt Co.Ltd(603799) ( Zhejiang Huayou Cobalt Co.Ltd(603799) .sh, latest price: 68.94 yuan). The reasons for rating mainly include: 1) the company’s profit in 2021 increased by 235% year-on-year, in line with expectations; 2) The ternary materials business is in rapid volume, and the volume of cobalt and copper products is rising at the same time; 3) The new production capacity was gradually released and cooperation was reached with Volkswagen and Castle Peak. Risk tip: the demand for new energy vehicles and 3C batteries does not meet expectations; Global cobalt and nickel mining and delivery progress exceeded expectations; Price competition exceeds expectations; Overseas operation and exchange rate risk; The impact of covid-19 epidemic exceeded expectations.
AI comments: Zhejiang Huayou Cobalt Co.Ltd(603799) in the past month, it has received the attention of 8 research reports of securities companies, bought 6 and increased its holdings of 1. The average target price is 125.47 yuan, 56.53 yuan higher than the latest price of 68.94 yuan, and the average target price increases by 81.99%.
