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《大行報告》花旗下調高鑫零售(06808.HK)目標價至3.06元 評級「買入」
花旗發表報告指,撇除一次性的撥備及開支共18.75億元人民幣,高鑫零售(06808.HK)截至今年3月底的2022財年核心純利按年下跌75%,至5.8億元人民幣,大致符合其早前的盈利預告。 該行表示,高鑫有完善的全渠道零售基建、與作為主要快速消費品供應商的阿里巴巴(09988.HK)生態系統有密切合作,加上有強勁的資產負債表,使其於中國零售業仍面臨挑戰和不明朗性的情況下,與競爭對手相比在鞏固市場方面有明顯優勢。 花旗下調高鑫零售2023及2024財年純利預測分別65%及20%,反映線下銷售及租賃收益預測下降。至於股份目標價由3.15元下調至3.06元,由於估值吸引,評級維持「買入」。
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