招银国际：重申中广核矿业“买入”评级 目标价升至3.67港元

Group 1 - The core viewpoint of the report is a constructive outlook on uranium prices due to strong demand for nuclear power generation and supply uncertainties from new mines coming online [1] - The forecast for spot uranium prices has been raised by 9% for both 2026 and 2027, reaching $90 and $93 per pound respectively [1] - The earnings forecast for China General Nuclear Power Corporation (01164) has been increased by 9% to 11% for 2026 and 2027, with an expected profit growth of 235% in 2026 due to a low base in 2025, and a 19% growth in 2027 [1] Group 2 - The target price for China General Nuclear Power Corporation has been raised from HKD 2.42 to HKD 3.67, maintaining a "Buy" rating [1] - The ongoing supply tightness is expected to continue driving the recovery of uranium prices, which could further boost the stock price [1]