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瑞银下调万洲(0288.HK)目标价至8.96港元维持“买入”评级
格隆汇 07-24 11:06

瑞银发表报告表示,认为万洲国际(00288.HK)2019年度第二季的盈利风险可能会压抑其短期的股价表现,鉴于全球贸易紧张令美国新鲜肉类的盈利复苏能力延迟,因此将公司2019至2021年的盈利预测分别下调27%、15%及12%。

该行预期,美国新鲜猪肉业务将会在2020年复苏,主要是因为墨西哥自5月份以来取消关税,并认为中国非洲猪瘟的持续影响或会导致2020年的内地生猪价格上涨。

瑞银称,将万洲目标价由原来的10.11港元下调至8.96港元,此按综合方式作估值,相当预测2020年市盈率11.5倍、企业价值对EBITDA的7.7倍,以反映其盈利预测下调因素,维持“买入”投资评级。

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