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瑞信:维持华润医疗(1515.HK)评级“跑赢大市” 目标价6.64港元
格隆汇 09-04 11:17

瑞信发表研究报告指,华润医疗(01515.HK)上半年收入按年增长5.3%至9.65亿元人民币,占该行2019年度预测的45%。净利润按年跌9.3%至1.83亿元人民币,占该行全年预测的39%。净利润较该行预期低,主因燕化医院IOT协议终止的影响大过预期,以及新医院的盈利贡献较预期少。

该行展望在新收购的医院帮助下,公司利润率将有显着改善。认为华润医疗已走出谷底,下跌风险有限及估值吸引,故维持评级“跑赢大市”,但将目标价由7港元降至6.64港元,同时将2019年及2020年盈利预测下调7.2%及2.4%,至4.37亿元人民币及5.08亿元人民币。

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