Minsheng securities released a research report on April 30, saying that it gave Sobute New Materials Co.Ltd(603916) ( Sobute New Materials Co.Ltd(603916) .sh, latest price: 22.66 yuan) a recommended rating. The reasons for rating mainly include: 1) the company releases the first quarterly report of 2022; 2) The delivery in March was disturbed by the epidemic, and the benefit unit price of high-performance water reducing agent increased year-on-year; 3) Functional materials continued to grow at a high rate. Risk warning: infrastructure and municipal projects are not advancing as expected; The application process of new materials is not as expected; Risk of sharp fluctuations in raw material prices.
AI comments: Sobute New Materials Co.Ltd(603916) in the past month, it has received 14 research reports from securities companies, bought 11 and increased its holdings of 2. The average target price is 30.36 yuan, which is 7.7 yuan higher than the latest price of 22.66 yuan, and the average target price increases by 33.97%.
