花旗:降海天国际(1882.HK)目标价至19港元 维持“买入”评级
花旗发表报告指,海天国际(1882.HK)
上半年收入及纯利按年下跌15%及22%,当中核心利润则按年跌19%。惟在原材料成本下降及受惠汇率下,上半年整体毛利率按年升0.6个百分点至31.6%。
报告又指,期内海天国际之高端产品销售比重上升,包括全电动Zhafir系列,该行相信增加高端产品比例的趋势会持续。但该行将其2019至2021年核心利润预测下调7%至10%,目标价相应由20港元下调至19港元,以反映盈利预测的下调及人民币疲弱的因素,维持“
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