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《大行報告》花旗下調福壽園(01448.HK)目標價至8.5元評級「買入」
阿思達克 08-12 12:25

花旗報告指福壽園(01448.HK)中期業績收入及盈利分別按年增長16%及13%,表現差過該行預期。該行將公司2019至2021年的盈利預測下調介乎8%至9%,目標價由原來的10元下調至8.5元。期內,收入按年增長15.5%,主要是由於喪葬服務的收入增長強勁,錄39.7%。

花旗又指,公司在今年上半年已獲得50億元人民幣銀行貸款,或會在國企改革的領導下在未來12個月作出重大收購,主要是在二線城市,而不是在過往的三至六線城市進行,管理層為其潛在收購訂下內部回報率要達最低10%的目標。若國企改革在下半年開始,市場整合趨勢或會加速,並對其估值再重新評估。該行將其目標價由原來的10元下調至8.5元,投資評級「買入」。

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