《大行報告》瑞信下調汽車之家—S(02518.HK)目標價至73元 評級「中性」
瑞信發表報告表示,汽車之家—S(02518.HK)第三季業績表現符預期,收入跌24%至17億元人民幣,非通用會計準則的經調整淨利潤為5.83億元人民幣,公司料第四季預期復甦有限,因芯片短缺問題仍存,預期收入跌32%,非標準會計準則純利率跌4個百分點至29%,主因季節性因素,以及投資新項目影響。
該行對明年芯片供應短缺的不確定性仍感到擔心,料新投資亦將限制汽車之家盈利增長,決定下調對汽車之家2021至2023年盈利預期3至4%,目標價由77港元降至73港元,當中已反映大部份上述的因素,維持「中性」評級。
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