申洲(02313.HK)逆市反覆續跌逾2%至逾三個月低 大摩及富瑞削目標價
去年毛利率下降的藍籌申洲國際(02313.HK)績後遭大摩及富瑞分別削價13%及11.5%,該股四連跌,今天平開後,高低見79.9元/76.45元(創逾三個月低),現報77.66元,反覆續跌2.3%,成交續增至970萬股。
申洲昨午(28日)公布,去年純利按年升35%至45.63億元人民幣(下同),每股盈利3.04元,末期股息按年增加49%至85港仙。期內,總營收按年升16.5%至277.81億元。毛利按年僅升5.8%至61.26億元,毛利率按年降2.2個百分點至22.1%。
大摩績後下調申洲目標價13%至100元,以反映公司去年下半年毛利率低於預期及料今年首季行業經營仍然艱難,但重申「增持」評級。富瑞績後下調申洲目標價11.5%至115元,但重申「買入」評級。此外,麥格理績後下調申洲今明兩年盈測9%及13%。報告指,申洲預料今年上半年產能利用率低於預期水平,主因是品牌客戶仍在去庫存,特別是在今年首季時間。目標價略升至82港元,維持「中性」評級。
恆指繼今早在新經濟股受捧推動飆升653點或3.3%至20,437遇壓後,下午曾回順至20,107,現報20,137,僅續升353點或近1.8%,總成交額1,120億元。
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