《大行报告》瑞银上调统一企业中国(00220.HK)目标价至9.5元 评级「中性」
瑞银发表报告表示,预期统一企业中国(00220.HK)未来三年销售增长加快,主因公司有信心提升市占率、改善改革後的渠道控制和产品组合升级等,惟短期而言,因原材料成本上升而加价可能性较低下,料其今年度纯利按年下跌3.2%。
报告指,其现估值相当於明年预测企业价值对EBITDA倍数9倍,EBITDA在2021至2023年年均复合增长预测约8%,相对内地及香港同业而言,现估值合理。瑞银降统一2021年度每股盈测4%,但升2022至2023年度每股盈测6%及11%,目标价由8.3元上调至9.5元,维持「中性」评级。
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