《大行報告》里昂下調思摩爾國際(06969.HK)目標價至59元 評級「買入」
思摩爾國際(06969.HK)早前發盈喜,料年度經調整純利預期按年增約33%至46%。里昂發表報告,指集團預測符合市場預期。該行下調思摩爾盈利預測,以反映中國業務於2021至2022疲軟,將目標價從70元下調至59元,維持「買入」評級。
里昂表示,對思摩爾中期前景持樂觀看法,預計其新發布的超薄陶瓷芯煙彈解決方案FEELM Air將成為中期平均售價和毛利率的驅動因素,並提高減輕對人體損害的效果和改善吸電子煙體驗。
里昂指,由於中國政策因素和美國的上市前煙草產品申請進展,認為2022財年業績增長可見度應會提高。該行將思摩爾2021至2023年收入預測下調10%至22%,經調整後淨利潤預測下調11%至25%。
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