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瑞銀:重申萬洲國際(0288.HK)買入評級 目標價10港元
格隆匯 02-16 16:52

瑞銀髮布研究報吿稱,重申萬洲國際(0288.HK)“買入”評級,目標價10港元,預計去年第四季盈利開始復甦,2022年預將是強勁的一年;下調2021年盈利預測29%,主要是考慮到來自訴訟費用和中國分部庫存減值。

報吿中稱,復甦在去年第四季開始,預計其銷售額升6%至72.16億美元;息税前利潤(EBIT)將升176%至6.31億美元,與第三季相比復甦強勁。去年第四季盈利回升主要受美國肉製品部門利潤率改善推動和對中國加工部門較少的庫存減值影響。因此該行預測,2021年銷售額升7%、息税前利潤升14%,淨利潤跌9%至272.8億/19.5億/7.92億美元,已計入1.2億美元的中國分部庫存減值和美國的一次性訴訟費用,預計2021年集團淨利潤3.4億美元。此外,預測2022年其息税前利潤增長33%,淨利潤增長77%,分別至25.9億美元及13.98億美元。

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