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《大行报告》里昂降利福国际(01212.HK)评级至「沽售」 目标价下调至5.86元
阿思达克 03-11 10:27
里昂发表报告表示,利福国际(01212.HK)去年下半年业绩差过预期,本年至今更因新型肺炎疫情带来巨大压力,该行预期其业务出现结构性的压力,而不是暂时的,且面对高杠杆率带来的风险正在上升。

该行下调其2020至2021年度盈利预测分别18%及19%,以反映本年至今销售压力大於预期,同时下调估值基础,将其2021年度预测市盈率倍数由6.5倍降至5倍;目标价相应由8元下调至5.86元,相当於明年预测企业价值对Ebitda倍数约12倍,投资评级由「跑输大市」降至「沽售」。

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