《大行報告》花旗下調玖紙(02689.HK)目標價至14.5元 評級「買入」
花旗發表報告指,玖龍紙業(02689.HK)宣布明日(21日)起將包裝紙板、塗層雙面板及書寫紙等紙品價格每噸進一步上調100至200元人民幣,意味包裝紙板的產品均價提升2%至5%。是次調整價格為自今年9月24日的第五次,令每噸產品均價於不足一個月提升了650至800元人民幣,或16%至20%。
該行表示,集團近期的加價足以抵銷煤炭及舊瓦楞紙箱(OCC)的進口成本上漲有餘,不過由於其2022財年首季的毛利表現低於預期,因此將集團2022至2024財年的盈利預測降低14%至16%。
花旗又下調玖紙股份目標價,由15元降至14.5元,評級維持「買入」,並開始對集團的30日正面催化劑觀察,主要基於料持續至明年3月的產品均價上升周期,及今年第四季的毛利表現料較第三季有所改善。
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.