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《大行报告》瑞银上调敏华(01999.HK)目标价至17.5元 评级「买入」
阿思达克 11-11 16:26
瑞银发表研究报告,指认为有充分的理由对敏华(01999.HK)的中国业务持乐观态度。在短期内,相信强劲的行业反弹及针对公司的有效策略,将为其2021财年上半年带来正面惊喜。

在中长期来看,由於房地产完工周期及市场份额的进一步增长等因素,预期在2020至2023财年,公司中国收入的复合年增长率为33%,料有望在2025财年前占公司总收入70%。该行指,对中国的覆盖上升对估值而言是好事,加上出口回升及新加入的首席执行官,将推动持续的估值重估。

该行将公司的目标价由原来的13.5元上调至17.5元,主要是因为对公司的中期增长预测提高,维持「买入」投资评级,认为公司的国内增长前景未得到充分重视。

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