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汇丰研究:维持江南布衣(3306.HK)“买入”评级 目标价19港元
格隆汇 08-28 13:39
汇丰环球研究发表报告指,江南布衣(3306.HK) 上半年业绩表现强劲,反映业务稳健增长,现金流健康,并支持高股息率表现。惟相信近期业务投资,短期将影响盈利增长表现,加上人民币贬值因素,降目标价自21港元下调至19港元。
该行下调其2020至2021年盈测介乎2%至8%,以反映经营开支上升的短期压力及公司新总部及物流中心的折旧。不过,汇丰仍然看好江南布衣长远前景,料2019年至2022年盈利及收入年均复合增长率分别达11%及15%,维持“ 买入 ”评级。
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