《大行報告》摩通下調申洲(02313.HK)目標價至180元 評級「增持」
摩根大通發表研究報告,預期申洲(02313.HK)去年盈利按年下跌14%後,今年盈利將回升,料錄得按年增幅達38%,銷售額則料升20%,主要來自於銷量增長約18%及平均產品售價提升約2%,當中已計及年初以來寧波產能受到疫情影響的因素。
該行指出,預期申洲今年表現復甦,主要是由於寧波產能暫停料對銷售及盈利僅產生2%及5%輕微影響,加上目前越南產能基本恢復正常,西寧面料廠和胡志明服裝廠產能恢復95%,西寧製衣廠產能恢復80%。
但摩通亦將2021至2023年盈利預測分別下調20%、8%及3%,以反映去年下半年越南產能及今年寧波產能暫停的影響,目標價由202元降至180元,對應未來一年市盈率約29倍,維持「增持」評級。
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