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《大行》中金降中國飛鶴(06186.HK)目標價至6元 維持「跑贏大市」評級
阿思達克 07-11 10:16
中金發表研究報告指,中國飛鶴(06186.HK)發盈警,預計今年上半年收入按年跌7.9%至9.9%,到91億至93億元人民幣,淨利潤按年下降36%至47%,到10億至12億元人民幣,遜於市場預期,因去庫存速度調整以及奶粉產品關鍵原材料的減值。 考慮到上述因素,中金將中國飛鶴2025年和2026年的盈利預測分別下調26%和16%,至28.7億元人民幣和36.6億元人民幣。飛鶴現價相當於2025年預測市盈率13倍及2026年預測市盈率10倍,中金維持「跑贏大市」評級,但將目標價下調27%至6元港元(相當於2025年預測市盈率18倍及2026年預測市盈率14倍),較本周三(9日)收市價4.58港元有31%的上漲空間。
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