《大行報告》瑞信上調信義玻璃(00868.HK)目標價至11.7元 盈利預告略勝預測
信義玻璃(00868.HK)早前發盈警,預期中期純利按年跌25%至40%,至介乎約12.7億至15.9億元。瑞信發表報告指,該公司預期中期盈利中位數為14.3億元,相當於按年跌33%,撇除去年上半年配售信義光能(00968.HK)的一次性收益,中期盈利中位數僅按年下跌3%,略勝於預期。
瑞信指,浮法玻璃價格分別在5月及6月首周按月反彈9%及4%,預期隨著海外市場重新開放,汽車玻璃需求增加,加上公司第三季浮法玻璃產能增加,預期業務有望自疫情中急速復甦。
該行將今年至2022年每股盈測分別下調9.9%、5.6%及4%,以反映疫情的負面影響,但按2021年預測市盈率約10倍為估值基礎,將目標價由11.3元升至11.7元,維持「跑贏大市」評級。
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