《大行報告》大和下調維達(03331.HK)目標價至16.5元 評級「持有」
大和發表報告,維達國際(03331.HK)次季收入增長放緩,以固定匯率計按年升5.5%,又指即使行業紙漿價格上半年有所下降,次季毛利率輕微收窄至25%,略低於首季的25.5%,令市場失望。
該行相信,毛利率復甦延遲,主要是自5月起維達將部分產品售價有單位數下調,以應對銷售勢頭疲軟及競爭壓力。該行指對維達仍保持審慎,直至毛利率有更可觀復甦。該行將維達在2023年至25年盈測下調介乎0.1%至21%,並將其目標價由18元下調至16.5元,維持其評級為「持有」。
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