《大行報告》瑞信下調頤海國際(01579.HK)目標價至18.4元 評級「中性」
瑞信發表研究報告指出,將頤海國際(01579.HK)今年盈利預測下調4%,以反映公司年初至今第三方業務需求遜預期。該行引述頤海管理層透露,其今年上半年的第三方業務銷售或按年下跌,主要受累於所有產品類別的銷售疲弱,以及去年上半年家庭需求增加導致比較基礎較難。
此外,該行指低線市場競爭加劇亦是銷售疲弱的原因之一,因為今年以來很多較小的品牌推出更多低價單品(SKU)。該行將頤海國際的目標價由20元下調至18.4元,以反映今年上半年或以後的盈利表現可能遜預期,維持「中性」評級。
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