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研報掘金丨長江證券:穩健醫療業績彈性較優,仍有估值性價比優勢
格隆匯 06-17 14:18

長江證券研報指出,穩健醫療股權集中,2020年後引進行業人才完善管理梯隊,並於2024年較高目標的發佈股權激勵。展望來看,消費在個護β、事件紅利和龍頭優勢下,增速中樞上移,且因結構優化、售罄&折扣率改善、營銷投放精準化等帶動利潤增速更優。醫療在感染防護產品和併購減值包袱顯著減輕,整固常規業務下增長確定性提升且中樞提升。上市-2022年初股價與估值波動主要受感染防護產品影響,2022年後穩態的消費和常規醫療成為定價業務。2024Q3以來消費和醫療底部週期向上,估值&股價雙升。目前對比部分新消費公司,成長性不弱、業績彈性較優,仍有估值性價比優勢。

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