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《大行報告》瑞信升遠洋集團(03377.HK)評級至「中性」 目標價下調至1.57元
阿思達克 06-02 10:05
瑞信發表研究報告指出,有國企背景的遠洋集團(03377.HK)股價年初至今累跌23.6%,明顯跑輸國企同業,該行相信其目前估值已合理反映遜於國營同業的銷售及純利增長前景。 該行引述克而瑞初步數據顯示,遠洋今年首五個月的合同銷售額按年跌28%,較同業平均水平為佳,部分得益於比較基數較同行低。該行料遠洋全年銷售按年跌12%至1,200億元人民幣,意味著今年6至12月跌幅將收窄至5%。 此外,瑞信認為有國企背景的遠洋將受惠於國企的良好融資環境,對其2022至2023財年盈利預測下調2%至7%,降資產淨值(NAV)預測9%。以NAV折讓維持75%為估值基礎,目標價由1.73元下調至1.57元,評級由「跑輸大市」上調至「中性」。
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