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《大行報告》建銀國際下調中國中免(01880.HK)目標價至155元 評級「跑贏大市」
建銀國際發表研究報告指,中國中免(01880.HK)業績快報顯示上半年淨利潤按年下降約2%至38.64億元人民幣,僅達到該行及市場預期全年純利的約37%及40%,但中免次季收入增長39%,帶動純利增長14%,較首季收入增長24%及純利下跌10%均有所改善。 建銀國際預期,次季表現向好是由於疫情後重新開放後,令客流回升,以及2022年第二季基數較低所致,重申下半年銷售加快的預測,指出前往海南的遊客數量及國內機場客運量增加,同時憧憬隨著銷售持續復甦,公司會將發展重心轉向提升盈利能力,預期下半年利潤率將有所提高。 該行將中國中免2023至2024財年盈利預測下調8%,對盈利增長前景持正面看法,目標價則從197元下調至155元,以反映匯率影響,並維持「跑贏大市」評級。
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