大和:維持九興控股(1836.HK)買入評級 目標價9港元
大和總研發表研究報告指,九興控股(1836.HK)第三季度業績正漸漸復甦,出貨量按季反彈31%,相信集團很有可能可達到今年新業績指引的高端位置,全年或可達到收支平衡。該行維持買入評級,目標價9港元。
大和指,九興控股第三季收入跌幅,由第二季的按年跌43%,收窄至按年跌25%,管理層對第四季度的訂單相對謹慎,該行認為集團尚未完全擺脱困境。該行將集團2020年的出貨量預測從4080萬件,增加到4250萬件。
大和指,管理層重申股息和股票回購等政策不變,並會在可行的情況下將資本返還給股東,因此該行預計將在2021年恢復派息。

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