You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
大行評級 | 美銀:維持中免買入評級,海南業務受惠內地經濟重啟
格隆匯 02-06 14:29

格隆匯2月6日丨美銀證券發研報,績後上調中國中免(1880.HK)A股目標價3.4%,由235元(人民幣.下同)升至243元,重申“買入”評級。

該行指出,公司去年收入及純利分別按年下跌20%、48%,均遜該行及市場預期,歸因於去年底海南爆發疫情,當地人流受限,以及線上銷售及推廣開支增加。

不過,該行亦相信,去年10月開幕的海口國際免税城或有助推動公司在海南的市佔率,並推動業務增長。在韓國仁川免税業務競投方面,公司則被認為未能中標,由於當地重視經驗。

該行相信,內地經濟重啟,會支持海南業務銷售及利潤復甦,因此重申公司“買入”投資評級。不過,由於上季遜預期的利潤表現,該行下調公司2023、24年盈利預測9%、14%,但同時上調估值倍數,由25倍升至30倍,以及映盈利復甦的前景。

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account