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《大行報告》美銀證券下調思摩爾(06969.HK)目標價至32.8元 評級「買入」
阿思達克 06-22 10:00
美銀證券發表報告指,中國國家煙草專賣局新推進電子煙產業發展法治化規範化,將於今年10月起禁售調味電子煙,思摩爾(06969.HK)中國市場明顯會受影響,並預期公司今年海外市場將成為主要增長動力。 該行預計,產品組合變化及研發增加,料思摩爾短期內利潤率將面臨壓力,因此將2022至2023年每股盈利預測下調各24及21%,將目標價由40元下調至32.8元。但重申「買入」評級,因該行認為大多數近期不確定性在於價格和 但美銀證券表示,重申對思摩爾「買入」評級,認為近期大部分不確定因素已反映在股價之上,該行仍然看好思摩爾持續投入研發,亦相信市場規範化下公司可取得更多市場份額,看好其長期競爭優勢。
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