花旗升颐海国际(1579.HK)目标价至53.8港元评级“买入”
花旗发表研究报告,指颐海国际(01579.HK)上半年纯利升46%至2.7亿元人民币,符预期,收入及毛利均见上升,并胜预期,主因第三方销售表现强劲,但关连方交易则见下跌,行政及推广费用亦抵销表现。

该行指,毛利率有所改善,主因第三方业务组合较多,相关毛利率亦较高。该行调升集团2019-20年纯利预期5-10%,以反映更高的收入预期,料2018-21年纯利年复合增长率为38%,目标价由38.9港元升至53.8港元,评级“买入”,并从高风险名单移除,因其股价於过去12个月已见平稳。
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