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《大行報告》富瑞降百威亞太(01876.HK)目標價至23.9元 下調盈測
阿思達克 11-01 10:20
富瑞發表報告指,在百威亞太(01876.HK)發布第三季業績後,將其2023至2025財年淨利潤預測下調1%至2%。對於今年第四季,該行預計正常化EBITDA為2.53億美元,利潤率為20.1%,按年增長3.1個百分點,同期銷售額增長10%(包括銷量增2.8%)。 富瑞認為,百威亞太在韓國的加價將有助於提高整體平均售價,但在同行加價之前,銷量下降將部分抵銷加價帶來的影響。目標價由28.3元下調至23.9元,主要是考慮到2026至2033年中期增長放緩的因素。維持「買入」評級。
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