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《大行》高盛升藥明康德(02359.HK)目標價至85.5元 評級「中性」
阿思達克 07-14 12:09
高盛研究報告,料市場將對藥明康德(02359.HK)的次季盈喜有積極反應,當中經調整非國際財務報告準則淨利潤按年升47.9%至36億元人民幣(下同),遠超市場預期的15至20%。而銷售額按年升20.4%至111億元,亦高於該行預期的102億元及市場預期的104億元,延續首季強勁勢頭。次季調整後淨利率達32.6%,相較首季的27.7%及去年全年的27%顯著提升。該行認為表現超預期主要因TIDEs業務交付量優於預期,以及小分子開發與製造業務恢復,並料公司有空間上調2025全年收入指引。 該行將全年收入預測上調2.3%至440億元,主要反映TIDES業務更強勁的增長;2025至27年每股盈利預測分別上調3.8%、4%及3.5%。H股目標價由74.9港元升至85.5港元;A股(603259.SH)目標價由77.3元人民幣升至82.4元人民幣;予「中性」評級。
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