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《大行报告》瑞信下调信义玻璃(00868.HK)目标价至11.3元 评级「跑赢大市」
阿思达克 03-17 15:33
瑞信发表报告表示,信义玻璃(00868.HK)去年度业绩略高於市场预期,全年纯利按年升5.7%至44.78亿元,即是下半年盈利按年升5.6%至23.53亿元,当中主因下半年度销售及行政开支占收益比率有所改善。

报告又指,管理层表示由於北海及张江港新增产能下,今年浮法玻璃产能增长料加快至11%,达每年620万吨;而浮法玻璃价格维持按年升7%,且油价下跌亦有利公司生产成本。不过该行下调其2020至2021年度盈利预测9%至10%,以反映较低收益预期及信义光能(00968.HK)最新的盈利预测,故目标价相应由12.6元降至11.3元,维持「跑赢大市」评级。

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