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《大行報告》美銀證券上調旭輝(00884.HK)目標價至9.3元 評級「買入」
阿思達克 03-26 14:16
美銀發表研究報告,將旭輝(00884.HK)繼續列為首選股,指出公司去年度核心盈利按年增長16%,符合預期,管理層訂立未來三年銷售額增長15%的目標,並預期核心盈利增幅可達到雙位數。

該行指,旭輝擁有強勁的商業項目產品線,預期2023年租金收入可達到20億元人民幣,去年毛利率按年收窄3.3個百分點至21.7%,管理層預期毛利率已見底,加上淨負債及資產負債比已下降至71.3%及72.5%,在手現金短債比率目前為2.7倍,預期資產負債表將持續改善。

美銀預測, 2020至2023年核心盈利複合增長率將達13%,認為公司強勁的執行能力可推動業務多元化及盈利增長,重申「買入」評級,目標價由8.9元上調至9.3元 ,已反映今年盈利預測約7倍。

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