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《大行報告》瑞信降申洲(02313.HK)評級至「中性」 目標價下調至167元
阿思達克 08-27 10:39
瑞信發表報告指,申洲國際(02313.HK)上半年收入按年增長11.1%,表現遜預期,主要由於柬埔寨的生產暫停。至於EBIT利潤率下降5.1個百分點至22.7%,亦較該行預期的27.3%為低,主因員工福利提高及加薪20%至30%、匯兌損失6,000萬元人民幣,及政府激勵措施減少。 報告稱,申洲具優秀執行力,屬穩固長遠投資,惟短期拖累因素持續,越南廠房關閉或延長,帶來下行風險。瑞信將申洲股份評級由「跑贏大市」降至「中性」,以現金流折現率計,目標價由177元下調至167元,並調低集團今年至2023年盈利預測分別20.1%、15%及13%。
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