You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行報告》匯豐研究下調玖紙(02689.HK)目標價至13元 評級「買入」
阿思達克 09-29 09:45
匯豐研究發表研究報告指,玖龍紙業(02689.HK)下半年稅後淨利潤按年增長64%,符合該行預期。但由於煤炭及廢紙成本較上升,每單位利潤率低於該行預期,有部分被外匯收益及較低稅率所抵銷。 匯豐研究指,下半年每噸調整後淨利潤爲394元人民幣,低於上半年的456元人民幣,同樣低於2017至2018財年時供應短缺的水平;派息亦低於預期。 該行指出,國內多個省份出現限電情況,雖然紙業受影響較少,但仍將受到負面影響,料供應及需求會降低,因此不再預期第四季利潤率可顯着擴張。該行又提醒,煤炭和廢紙成本上升仍是懸而未決的問題,將目標價由16.4元降至13元,並下調2022至2023財年每股盈利預測14.5%及11%,維持「買入」評級。
Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account