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瑞银降裕元(0551.HK)目标价至27.1港元评级“买入”
格隆汇 08-27 11:09
瑞银发表报告指,预计裕元(0551.HK) 零售业务将会继续录得毛利率提升,加上料OEM业务的盈利能力亦将于今年见底回升,维持“ 买入 ”评级。该行指裕元上半年营运现金流录得大幅增长,相信估值有机会向上调整,惟受到OEM业务毛利率拖累,降2019年至2021年盈测约30%,目标价相应自32.8港元下调至27.1港元。
该行预期,宝胜(3813.HK)2021年占公司的收入及盈利贡献将上升至44%及31%。
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