《大行報告》大和上調裕元(00551.HK)目標價至12.6元 評級「買入」
大和發表報告指,裕元(00551.HK)去年純利遜於該行及市場預期10%,主要由於其製造業務受全球需求疲弱,及廠房利用率下跌影響。
不過,該行稱集團的經營現金流有明顯改善,去年下半年產生9.4億美元,令集團重啟高派息比率的時間較該行預期早。
大和上調裕元股份目標價,由12.3元升至12.6元,評級維持「買入」,但下調集團今年每股盈利預測7%,反映訂單復甦較預期慢,尤其是今年上半年。
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