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《大行報告》里昂降利福國際(01212.HK)評級至「沽售」 目標價下調至5.86元
阿思達克 03-11 10:27
里昂發表報告表示,利福國際(01212.HK)去年下半年業績差過預期,本年至今更因新型肺炎疫情帶來巨大壓力,該行預期其業務出現結構性的壓力,而不是暫時的,且面對高槓桿率帶來的風險正在上升。

該行下調其2020至2021年度盈利預測分別18%及19%,以反映本年至今銷售壓力大於預期,同時下調估值基礎,將其2021年度預測市盈率倍數由6.5倍降至5倍;目標價相應由8元下調至5.86元,相當於明年預測企業價值對Ebitda倍數約12倍,投資評級由「跑輸大市」降至「沽售」。

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