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摩通维持复星旅文(1992.HK)“增持”评级目标价12港元
格隆汇 08-21 12:04

摩根大通发表报告指,复星旅游文化(01992.HK)上半年业绩表现强劲,大致符预期,惟较难理解,基于新会计准则及物业交付时间表调整,该行对复星旅文预测作出较大改动,其中升EBITDA预测50%,降每股盈利预测25%,对核心旅游业务之预测则未有大变动。

该行并扩大复星旅文之控股公司估值折让,自30%扩大至40%,目标价相应自18港元下调至12港元,及基于净负债预测,新目标价对比现价仍有30%潜在上升空间,维持“增持”评级。

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