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《大行報告》瑞銀下調敏實集團(00425.HK)目標價至27元 評級「買入」
阿思達克 07-19 11:15
瑞銀發表評級報告指,考慮到自5月份起,鋁價一直呈下跌趨勢,敏實集團(00425.HK)年初至今獲得額外35億元人民幣的電池盒訂單,相信投資者過度擔憂;該行預料公司上半年盈利按年跌28%,並於下半年反彈按年升48%,因原材料成本下跌。 該行預料,鋁價下跌有助加快其利潤率的回升速度,及其毛利率將於下半年恢復至30%的水平;即使內地多個城市疫情持續,原材料價格上升或令敏實承壓,該行預料公司下半年盈利按年升48%,明年及2024年盈利則按年升28.2%及24.4%。 該行指,集團現價較其5年市盈率平均值折讓20%,股價由年初至今下跌逾30%,預期集團可獲重評機會,該行將其目標價由28元下調至27元,維持評級「買入」。(ca/k) ~
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