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《大行報告》瑞銀下調萬洲(00288.HK)目標價至8.96元維持「買入」評級
阿思達克 07-24 10:51

瑞銀發表報告表示,認為萬洲國際(00288.HK)2019年度第二季的盈利風險可能會壓抑其短期的股價表現,鑑於全球貿易緊張令美國新鮮肉類的盈利復甦能力延遲,因此將公司2019至2021年的盈利預測分別下調27%、15%及12%。

該行預期,美國新鮮豬肉業務將會在2020年復甦,主要是因為墨西哥自5月份以來取消關稅,並認為中國非洲豬瘟的持續影響或會導致2020年的內地生豬價格上漲。

瑞銀稱,將萬洲目標價由原來的10.11元下調至8.96元,此按綜合方式作估值,相當預測2020年市盈率11.5倍、企業價值對EBITDA的7.7倍,以反映其盈利預測下調因素,維持「買入」投資評級。

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