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《大行報告》大和升玖紙(02689.HK)評級至「買入」 目標價維持8元
阿思達克 07-28 10:22
大和發表研報指,玖龍紙業(02689.HK)現時股價已接近其長期周期性低位,市場的一年遠期預測市盈率及市賬率均接近歷史低位,認為隨著市場份額及規模優勢鞏固,玖紙將繼續成為行業長期主要贏家。 該行預期,玖紙第二季經調整後每噸淨利潤將達到85元人民幣,僅略高於2015年首季的歷史低位,憧憬疫情影響減弱、原材料價格回落及公司有新產能於7月上旬投產,加上行業內小型造紙廠關閉,預期行業供需情況將改善。 大和維持對玖紙的預測,2022至2024年每股盈利預測較市場普遍預期低12%至35%,重申目標價8元,評級則由「跑贏大市」上調至「買入」。
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