《大行報告》大摩降IMAX中國(01970.HK)目標價至6.7元 關注長期前景
大摩發表報告指,由於結構性壓力,IMAX中國(01970.HK)去年下半年收入恢復情況令人失望,對其今年及長遠增長前景產生憂慮。該行指,競爭壓力仍然存在,荷里活電影需求仍然低迷,而且停止派息亦是一個令人意外的負面因素。
大摩對IMAX中國目標價由7.9元下調至6.7元,基於預測2024年目標市盈率8倍。由於上述增長壓力,該行同時將2024至2026年的淨利潤預測下調了約17%。但維持「與大市同步」評級,認為公司目前的低估值已充分反映其增長壓力和表現平平的股東回報。
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