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《大行報告》摩通下調JS環球生活(01691.HK)目標價至16元 評級「增持」
阿思達克 03-31 14:06
摩通發表評級報告指,JS環球生活(01691.HK)去年下半年銷售額按年增9%,盈利則按年降14%,優於部分投資者預期。在簡報會上,管理層指出,受到持續地域擴張及推出新產品帶動,預料今年收入按年增10%。 惟該行指,公司股價連番受壓,部分原因是去年下半年管理層對指引修訂令市場失望,部分原因是H股市場情緒疲軟。該行預料即使管理層傾向今年提供更保守的指引,這將會有潛在上行空間。該行維持其評級爲「增持」,目標價由22元下調至16元,以反映盈利和估值倍數的修訂。
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