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《大行報告》大和下調復星國際(00656.HK)目標價至11.5元 評級「買入」
阿思達克 06-28 11:50
大和發表研究報告指,對於評級機構穆迪認爲復星國際(00656.HK)流動性疲弱,市場可能反應過度,預期復星近期境外債券要約收購將有助於緩解市場疑慮,提振投資者信心。 大和指出,復星擁有穩健的現金狀況、多元化的融資渠道和龐大的投資組合,截至2021年底復星手頭現金及存款等約爲968億元人民幣,應有助於抵禦外部風險,又指復星現估值相當於預測今年市盈率的約4倍,接近歷史低位,相信是有吸引力的入市時機。 大和重申「買入」評級,目標價從13.25元下調至11.5元,並將2022年的淨利潤預測下調27%,指出其康健及休閒生活業務表現疲軟,當中的醫藥及房地產業務的利潤率收縮。
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