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《大行報告》大和降玖紙(02689.HK)評級至「跑贏大市」 目標價下調至5.6元
阿思達克 10-03 11:40
大和發表報告指,玖紙(02689.HK)發表2022財年度業績報告,經調整後淨利潤按年跌54%,符合早前發出的盈警預告,隨著全球宏觀環境持續惡化,該行料在出現任何反彈前,2023財年淨利潤或會進一步下跌,以致在償還債務的負擔不斷上升時,公司或進一步承受潛在壓力。 該行相信,公司虧損或在2023財年首季見底,同時其盈利能見度低,以及對公司資產負債表的關注上升,或會限制其股價近期出現反彈。儘管,基於估值低企,該行相信大部分負面因素已反映在股價中,但認為謹慎的做法是等待中國消費模式出現回升跡象,才增持玖紙股份。 該行表示,基於利潤恢復時間表被推遲,將公司在2023年至24年盈利預測下調37%至75%,並將其目標價由8元下調至5.6元,將其評級由「買入」降至「跑贏大市」。(ca/k) ~
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