《大行報告》花旗降貓眼娛樂(01896.HK)目標價至12.3元 下調盈測反映票房不確定性
花旗發表研究報告指,貓眼娛樂(01896.HK)去年業績表現穩健,收入按年增長105%,經調整淨利潤錄10.3億元人民幣,達到盈喜預期的上限,主要來自期內娛樂內容服務強勁增長所帶動。
但該行指出,貓眼娛樂未有宣派股息,可能會令部分投資者感到失望,同時由於今年首季中國電影票房僅錄低單位數升幅,因此將全年票房預測從600億元人民幣降至550億元人民幣,今明兩年收入預測下調10%及13%,經調整淨利預測下調12%及11%,以反映市場不確定性。由於近期未有重大節日假期,該行預期短期催化劑有限,目標價由14.5元下調至12.3元,維持「買入」評級。
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