大行評級|招銀國際:下調海爾智家目標價至28.45港元 對其前景持較審慎的態度
招銀國際發表研究報告指,海爾智家首季業績略勝於預期,管理層重申其2025財年指引,即銷售錄高單位數增長,而淨利潤增長則超過10%。然而,該行提到,由於零售銷售增長放緩,加上政府推出刺激經濟措施後,料下半年的基數較高,而且美國對進口產品徵收關稅,其銷售增長或會放緩,利潤亦有機會受到侵蝕,因此,該行對海爾智家前景持較審慎的態度。該行下調公司2025及2026財年的淨利潤預測6%,目標價由36.41港元降至28.45港元,續予“買入”評級。
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