汇丰研究维持恒安(01044.HK)“买入”评级目标价至64.7港元
汇丰研究发表研究报告指,恒安(01044.HK)上半年卫生巾产品收入意外地按年下跌4.6%,但业绩疲弱的负面消息看似已反映,预料下半年势头将见改善。该行维持恒安“买入”评级,但将目标价由70.3港元降至64.7港元,相等於2020年预测EV/EBITDA为10倍及市盈率16倍。

该行预料公司2020年净利润为44.47亿元人民币,较市场高0.4%,同时相信来自卫生巾产品的收入於下半年将回复增长2%。当公司增长及利润率回复正常,该行将会见到重新评级的机会。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.