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《大行報告》富瑞降京東健康(06618.HK)目標價至66元 料下半年收入持平
阿思達克 08-18 10:12
富瑞發表研究報告指,京東健康(06618.HK)截至今年6月底止中期收入按年增長34%,經調整每股盈利增長一倍,公司管理層預期由於由於去年下半年的高基數,今年下半年收入料按年持平,即全年收入增長率料達到低雙位數,估計毛利率將持平,經調整淨利潤率則預期超過6%。 富瑞指出,管理層提到今年首季新冠相關產品銷售收入強勁,至次季需求按季放緩,仍看到疫情後市民健康意識提高所帶來的積極影響,但由於宏觀環境不明朗,每用戶平均收入有所下降。該行料涉及新冠產品於今年下半年收入將按年下跌60%至70%,即料非新冠產品銷售按年增30%,令今年下半年收入按年持平。 該行相應將目標價從80元降至66元,維持「買入」評級,今明兩年收入預測下調12%及11%。
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