《大行》里昂升途虎(09690.HK)目標價至23元 料上半年收入按年增11%
里昂發表研究報告,指由於途虎-W(09690.HK)的店舖訪客量及同店銷售在次季逐步恢復,預計集團上半年收入將按年加快增長至11%,並將超過行業表現。該行雖然預期集團利潤或按年持平,但料集團將重回擴大利潤的軌道。
該行將途虎今明兩年的經調整淨利潤預測分別下調4%和7%,但上調估值基礎,由預測明年經調整市盈率15倍升至18倍,目標價相應由20.5元上調至23元,意味相當於撇除現金後經調整市盈率僅9倍,維持「跑贏大市」評級。
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