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《大行報告》花旗下調建滔積層板(01888.HK)目標價至10元 評級「買入」
花旗發表報告指,建滔積層板(01888.HK上半年營業額和淨利潤分別按年下降38%和77%,至81.1億元和4.22億元。盈利下滑主要由於內地宏觀經濟放緩,電子產品需求惡化;兩年前層壓板行業處於週期高峯期,供應過剩。 該行將建滔積層板今年至後年盈利預期分別下調37%/15%/13%,並將目標價由11.5元下調至10元。管理層認爲7至8月銷量和平均售價將持續改善,但復甦速度緩慢。由於預期層壓板業務復甦將較其他製造業務顯着,該行由偏好建滔集團(00148.HK)改爲偏好建滔積層板。
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