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《大行報告》瑞信下調海螺水泥(00914.HK)目標價至50元 評級「跑贏大市」
瑞信發表報告指,海螺水泥(00914.HK)今年首季業績符合市場預期,收入及純利分別爲255億元及49.3億元人民幣,按年下跌26.1%及15.2%,主要受到銷量下跌及成本增加所拖累。 該行表示,由於嚴格的疫情防控措施導致旺季建設活動停滯,預計第二季整體水泥需求上行空間有限。不過,若封城結束,被壓抑的需求料將集中釋放,有助改善供需動態。 瑞信下調海螺水泥股份目標價,由51元降至50元,評級維持「跑贏大市」,並調低集團今明兩年盈利預測分別3.9%及4.4%,以反映受疫情封城影響令銷量假設下降。
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